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.
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Posted on Oct 18, 2023 in:
In the Seattle Metro Area, the building permit data for the year-to-date period ending on August 31, 2023, paints a distinctive picture of the region's construction activity. The statistics show a notable slowdown in both single-family and multifamily construction projects.
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Posted on Sep 19, 2023 in:
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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Posted on Aug 17, 2023 in:
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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