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 Nov 27, 2023 in: 
           
          
              
            
          
	Washington’s unemployment rate fell to 3.6% in September 2023, lower than the national average of 4.2%. The Seattle/Bellevue/Everett area with an unemployment rate of 3.2%. The construction industry added 3,400 jobs in a year, reaching a total of 240,300 statewide.
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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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