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Builders Bulletin

The Builders Bulletin is intended to provide a convenient way to track housing in our market. This monthly report includes information on housing supply, home prices, building permits, and population and job growth in the Puget Sound region.

  • Builders Bulletin: Housing Supply Still Far From Healthy in Puget Sound Region

    Posted on Apr 28, 2022 in:
    • Builders Bulletin
    Data from the Northwest Multiple Listing Service show King and Snohomish counties had less than two weeks of supply of homes for sale in March, while home prices continued to escalate.
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  • Builders Bulletin: Home Prices Rising in Two Counties

    Posted on Apr 1, 2022 in:
    • Builders Bulletin
    Median home prices continued their upward trend in February, rising to $759,735 in King County and $700,250 in Snohomish County. The median price of a single family home meanwhile was $857,750 and $745,725 respectively.
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  • Builders Bulletin: Seattle-Area Multifamily Permits Surpass Pre-Covid Levels

    Posted on Mar 9, 2022 in:
    • Builders Bulletin
    The Seattle metropolitan area saw a significant increase in multifamily permit activity in 2021 compared to the previous year, led by King and Pierce counties—up 71% and 31% respectively. More than 22,000 multifamily permits were issued in the three-county metro area last year, surpassing pre-pandemic levels of fewer than 19,000 multifamily homes in 2018 and 2019. Single family permits were also up 24% in Pierce County year-over-year. Meanwhile, Snohomish County had a modest decrease in permits last year compared to 2020. King County ended the year down 8% for single family permits.
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