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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: Washington Unemployment at 3.6%, Construction Sector Grows by 4,500 Jobs

    Posted on Sep 19, 2023 in:
    • Builders Bulletin
    In July 2023, the unemployment rate in Washington stood at a healthy 3.6%, while the Seattle/Bellevue/Everett metropolitan area boasted an even lower rate of 3.1%. Notably, the construction sector in the state experienced growth over the past year, adding 4,500 jobs between July 2022 and July 2023. With a total statewide construction employment of 240,900, these figures reflect a positive trend in Washington's labor market and its continued commitment to economic development.
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  • Builders Bulletin: Puget Sound Housing Market Sees Modest Increase in Inventory Supply Amidst Ongoing Challenges

    Posted on Aug 17, 2023 in:
    • Builders Bulletin
    King County recorded a 1.5 months' supply of housing inventory as of June 2023, indicating a slight increase from the 1.34 months' supply reported in June 2022. Similarly, Snohomish County saw its inventory supply rise to 1.07 months, up from 1.34 months a year earlier. Despite the increase, the current supply falls notably short of a healthy level.
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  • Builders Bulletin: Washington Population Grows

    Posted on Jul 13, 2023 in:
    • Builders Bulletin
    The April 2023 population estimates have been released, highlighting a 1.1% growth since April 2022 in Washington. According to estimates from the Office of Financial Management, Washington's total population has surpassed 7.9 million residents, with a total of 4,437,100 just in the Puget Sound region. King County has witnessed the largest influx, with an addition of 30,100 individuals since last April. Snohomish County follows closely with a growth of 12,500 over the same time period.
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