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Recent reports indicate construction activity is stabilizing in the Portland market.

Mortenson‘s latest , for the first quarter of 2026, suggests developers, owners and contractors are beginning to see increased confidence in the project pipeline. The region’s construction market remains active but selective, with project performance varying in different sectors, according to the report.

Mortenson Vice President Mike Clifford, general manager of the firm’s Portland office, said it is a cautious confidence, and owners are continuing to evaluate projects.

鈥淐ompared to where we were a year or two ago, we’re seeing projects starting to go through planning and into the design phase,鈥� he said. 鈥淭here’s greater certainty around pricing, procurement and scheduling than there’s been in the past couple of years.鈥�

Mike Salsgiver, who is preparing to step down as CEO of the Associated General Contractors‘ Oregon-Columbia chapter, stated in an email that overall, the organization is seeing signs that the slowdown experienced over the past year is lessening.

鈥淟arger companies such as Mortensen are reporting improvements in the pipeline as inflationary cost pressures, supply chain challenges, and interest rates are stabilizing,鈥� Salsgiver stated.

Construction and development company Skanska also reports renewed momentum in the project pipeline on a national level.

鈥淚n the Portland market, activity seems to be stabilizing, with public sector investment in education, healthcare, and infrastructure driving much of the work,鈥� Skanska Executive Vice President Trevor Wyckoff, general manager of the firm’s operations in Oregon and Southwest Washington, stated in an email. 鈥淧rivate development demand continues to be shaped by sector-specific growth, particularly by data centers and life sciences.鈥�

According to Skanska’s spring , cautious private commercial development is leading companies to focus on essential facilities, critical upgrades and industrial capacity. Modernization, deferred maintenance and energy efficiency improvements are being prioritized over new builds.

Mortenson has seen a slight rise in project starts, Clifford said. Construction starts were up 13 percent in March, according to Mortenson’s report.

There is strong demand for large-scale infrastructure, manufacturing, and data center construction, the report states.

Several regions have reported increasingly competitive bidding environments as trade partners pursue a more limited pool of conventional commercial and institutional work. While overall labor availability and supply chain conditions have stabilized, local constraints persist in specialized trades and steel and electrical scopes.

From AGC’s perspective, availability of trained and skilled workers continues to be a problem, Salsgiver stated.

Energy infrastructure and advanced manufacturing sectors have seen some growth. In energy and infrastructure, there have been projects around the grid, grid resiliency, battery storage and renewable energy, Clifford said. Advanced manufacturing historically is a large sector in the market and it’s now experiencing some encouraging signs.

Some larger projects are starting to move forward in design. In particular, Portland General Electric has advanced some energy infrastructure projects.

Many of AGC’s contractor members, however, are encountering challenges in one sector, according to Salsgiver.

鈥淧ublic projects, especially in transportation/heavy civil and heavy highway, continue to experience serious headwinds as funding for projects has become uncertain because of the (Oregon) Legislature’s failure to pass and implement a transportation funding bill that can withstand scrutiny from the voters,鈥� he stated.

While nonresidential construction conditions remained stable through the first quarter of 2026, cost escalation and procurement conditions continued to vary by market and project type. Elevated metal pricing and continued demand tied to power, electrification and expansion of data centers are causing pressure on some materials and equipment availability, Mortenson’s report states.

鈥淥ur price increase in the market is still year over year on the lower end towards the bottom of the major markets,鈥� Clifford said. 鈥淭hat reflects a market that’s been localized and subdued compared to some of the faster growing parts of the country.鈥�

While things have moderated, the local market is still influenced by global and regional prices.