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Clark County homebuilders face challenges in 2025 amid high interest rates and low inventory

What is the homebuilding industry expecting over the next year? And how will the region’s issues with labor and affordability be impacted?

By Sarah Wolf, Columbian staff reporter
Published: January 30, 2025, 6:10am
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4 Photos
Construction continues for new homes at North Haven in unincorporated Clark County near Ridgefield. With high interest rates, homebuilders will likely be cautious in how many new homes in Clark County they bring to the market in 2025.
Construction continues for new homes at North Haven in unincorporated Clark County near Ridgefield. With high interest rates, homebuilders will likely be cautious in how many new homes in Clark County they bring to the market in 2025. (Amanda Cowan/The Columbian) Photo Gallery

Not long ago, it seemed like new houses and apartments were popping up all over Clark County. But not anymore.

The city of Vancouver issued construction permits for about 2,500 residential units in 2021, including nearly 2,000 multifamily units and 572 single-family homes.

That number plummeted in 2024, with residential construction permits issued for 1,245 units, including just more than 1,000 multifamily units and only 145 homes, according to city data.

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