Appendix B Comment

W. Bill Booth Bruce A. Measure Chair Vice-Chair Idaho Montana James A. Yost Rhonda Whiting Idaho Montana Tom Karier Melinda S. Eden Washington Oregon Dick Wallace Joan M. Dukes Washington Oregon APPENDIX B: DRAFT ECONOMIC FORECAST FEBRUARY 13, 2009 Council Document 2009-03 851 S.W. Sixth Avenue, Suite 1100 Steve Crow 503-222-5161 Portland, Oregon 97204-1348 Executive Director 800-452-5161 www.nwcouncil.org Fax: 503-820-2370 Appendix B: Economic Forecast Role Of the Economic Forecast ...................................................................................................... 2 Background..................................................................................................................................... 3 Economic Growth Assumptions ................................................................................................. 3 ic Drivers of Residential Demand ..................................................................................... 3 Population.............. 5 Housing Stock............................................................................................................................. 6 ...