NEWS & BLOG

Breaking news and resources from across the industry.

MBAKS Blogs:
Homeowners
  • Shannon's 60: Call for Member Stories

    by Russ Vanover | Aug 07, 2017

    This week, we want to hear from you! Whether you need publicity for a new product or want to share a getting-to-know-you piece, we can help you tell your story as loud as possible.

    Submit your member story

  • All Aboard the Tiny Trend Train?

    by User Not Found | Aug 03, 2017

    Forget your favorite tiny home hunter show for a minute—this is real life. Despite what the media tells us, homeowners and homebuilders, have only very recently begun to shrink their standards in favor of more compact confines.

    In the 1990s, if you can remember back that far, about 23.2 percent of homes built were 3,000 square feet or more according to a builderonline.com article based on data taken from the Census Bureau American Housing Survey (AHS). But after the recession, square footage dropped, right? Not so much. The study, which looked at the years between 1990 and 2015, saw the number of 3,000-plus square foot homes built actually increase to 28.6 percent from 2010 to 2015. In fact, the tiny trend didn't really start picking up steam until mid-2016, when millennials and other such first-time buyers became a big enough segment to affect census numbers.

    Townhouses

    What's interesting is that the minor dent young folks and first-timers are putting in the overall evolution of expanse isn't enough yet to pull builders off course. As labor and land costs expand with our house sizes, builders are less likely to put themselves at risk, opting to operate in the higher-end housing market boasting secure returns, as opposed to taking a less calculated dip into the lower-end income pool and the smaller—dare we say ‘tiny'—household segment.

    Does that mean lower-end shoppers are out of luck?

    Not necessarily. Townhouse construction is on the rise, accounting for 9 percent of single-family homes from 2010-2015 (up from 6 percent during the ‘90s), and, according to the Builder article, recent data reports show townhouse construction making upwards of 12 percent of total construction in current quarters.

    Will townhomes and tiny houses continue to creep into the bigger picture? Time will tell, but it's safe to say as costs continue to rise and people continue coming to hotspots like Seattle and the Puget Sound region, both builders and buyers will continue to push traditional housing boundaries and seek out less expensive, more practical means of housing.

    Should be an interesting evolutionary ride.

    Craving more on less? Check out Seattle's tiny home revolution.

  • The bad idea of Seattle construction impact fees

    by Russ Vanover | Aug 03, 2017
    By Jon Talton, The Seattle Times

    In criticizing Fox "News," the late Steve Jobs famously said, "The axis today is not liberal and conservative, the axis is constructive-destructive, and you've cast your lot with the destructive people." Nationally, destructive policy comes from the right.

    On the Planet Seattle, however, a good deal of destructive policy comes from the left. Chief example is the demand for construction impact fees by some on the City Council and among candidates for mayor and council posts. The claim is to "make growth pay for itself." And the implication is that developers are getting a free ride.

    Read article

  • August 2017 Builder’s Bulletin

    by Russ Vanover | Jul 27, 2017

    By MBAKS Senior Policy Analyst Allison Butcher

    Home Prices Continue Upward Climb

    Median single family home prices surged nearly 14 percent in King and Snohomish counties in June compared to a year ago, according to the Northwest Multiple Listing Service (MLS). The median price was $653,000 in King County and $450,000 in Snohomish County. In Seattle the median single family home price rose 12.53 percent to $750,000.  Meanwhile, with 0.84 months’ supply of housing inventory, King County continued to have the tightest inventory of the 23 counties in the Northwest MLS market area. 

    The Builders’ Bulletin is intended to provide a convenient way to track housing in our market and includes information from the Northwest Multiple Listing Service, U.S. Census Bureau, Office of Financial Management and the Washington State Employment Security Department.

    Download this month's report:

    Builder's Bulletin Aug 2017

  • Market Can Dictate Time Frame of Building a New Home

    by Russ Vanover | Jul 27, 2017

    By Brooks Powell, Powell Homes & Renovations

    Q: How much time does it take to build a home these days?

    A: As a Seattle-area homebuilder, a question I hear from prospects and clients frequently is, "How long will it take you to build my new home?" It's a legitimate question. Because I have a bit of history with this kind of activity, it's generally been a question I don't have too much trouble answering.

    Of course, the answer will vary a bit depending on the exact size of the home and on the complexity of modifications to be made. But with years of experience—and a well-defined building process—we're generally able to give clients a pretty accurate estimate of when their home will be done.

    However, "The times," as Nobel Prize-winning songwriter Bob Dylan once wrote, "they are a-changing."

    A while back we posted an article that talked about the impact that the renovation boom in the United States was having on being able to find good remodeling contractors. It cited an NPR story with the headline, There's a Home Renovation Boom, But Good Luck Finding a Contractor. It seems to me that the impact has spread to the new housing market as well.

    In particular, we're seeing a tightening of the market in two key areas: the availability of labor and materials. Both of those are critical elements when it comes to building new homes. While we have a great team, we also use trusted subcontractors to perform specific tasks. When those contractors are tied up, that can slow down our progress.

    The same thing holds true with getting the materials necessary for homebuilding. With companies keeping their inventories tight—and with increasing demand for materials—having to wait on building materials can also delay the process.

    The result is that homes that used to be completed in four months are sometimes taking up to eight months to complete. What does that mean for you if you're planning to build a new home?

    While you don't have control over labor or materials availability, there are some things you can do that can help with the process.

    For example, you can do your homework upfront to make sure you're comfortable with the design decisions you make on your home. That means taking the time to review floor plans so that when you finally meet with your builder, you're ready to move forward rather than taking more time to deliberate. You don't need to have every little detail nailed down, but you should have a good general idea of the layout you want.

    Another thing you can do is to make sure you think about your selections (cabinets, lighting, flooring, countertops, etc.) ahead of time—and that you make your decisions and order those items with plenty of time to spare. That way your builder won't be sitting around waiting for materials to arrive.

    Once you've made your decision about what home you want to build (and who is going to build it), a good builder (who is keeping his/her finger on the pulse of the market) will be able to give you a pretty accurate estimate of your completion date.

     


    Powell Homes & Renovations is a four-generation Seattle area homebuilder and design build remodeler, plus a member of the Master Builders Association of King and Snohomish Counties.

  • Shannon's 60: 2017 Painting a Better Tomorrow Deadline

    by Russ Vanover | Jul 24, 2017

    Know a service organization that could use a new coat of paint? Painting a Better Tomorrow celebrates its 15th anniversary this November and we’re looking for a recipient organization in King or Snohomish County. If you have an organization in mind, have them submit an application by the July 31 deadline.

    Submit an application

  • Commentary: Lawmakers can’t delay fix to water rights case

    by User Not Found | Jul 23, 2017

    By Shannon Affholter, The Everett Herald

    Despite numerous legislative efforts to find a permanent and balanced solution to address the Washington state Supreme Court's Hirst decision, lawmakers in Olympia remain deadlocked on the issue. Unfortunately, the legislature adjourned on Thursday without reaching an agreement.

    The 2016 Hirst decision has effectively halted many people from building their homes in areas that depend on well water. The ruling has created a great deal of uncertainty for counties, rural communities, builders, and families across the state. As legislators leave town, the hardship on affected property owners will continue without being resolved.

    Read article
  • Home Inspections: What to Look For

    by Russ Vanover | Jul 20, 2017

    By JD Thueringer and Leann McNabb, Guild Mortgage Company

    When you buy a home, you need to know exactly what you're buying.

    Imagine how frustrated you'd be to find out that the water heater wasn't working—in the middle of a shower! This is one of the reasons why you should have a home inspection before you buy your home. But before you hire a home inspector, first ask candidates a few questions to make sure you are hiring a trustworthy inspector. What kinds of questions? Here are a few examples:

    What does your inspection cover?

    Not all inspections are the same. Ask for copies of previous home inspections so you can see exactly what they will check inside the home. If you are concerned about something specific, like a leaky faucet in the bathroom, mention that to the inspector so they can check it out.

    Home inspection

    Are you licensed or certified?

    If you live in a state that licenses home inspectors, ask to see their license. At the very least, choose a home inspector who belongs to American Society of Home Inspectors. This shows a level of professionalism and education that you can trust.

    What kind of report will you give me?

    You should expect a written report detailing what the inspector found. Most inspectors will give you a written report within a week of the inspection. Make sure the inspector will be available to explain anything on the report that doesn't make sense to you.

    Will I be able to attend the inspection?

    If the inspector refuses to let you be present during the home inspection, find someone else. This is your chance to know exactly what you are buying and what potential repairs you or the seller will have to make.

    Now you're ready to take on your new home search with the confidence of knowing you'll be getting exactly what you're paying for. For more tips and tricks on everything home, keep coming back to our Homeowners blog.

     


    Brought to you by JD Thueringer and Leann McNabb of Guild Mortgage Company. Guild Mortgage is a leading independent mortgage lender in the United States, specializing in residential home loans.

     

  • Applications for Painting a Better Tomorrow 2017 Are Open

    by Russ Vanover | Jul 18, 2017

    Help a service organization in your community!

    MBAKS is currently accepting applications for our 15th Anniversary of Painting a Better Tomorrow.

    Don't miss out on the opportunity to help a service organization in your community get their environment spruced up with a new coat of paint! We will be accepting applications for this year's event until July 31.

    2016 Master Builders Association Painting a Better Tomorrow at Kindering

    We're especially excited for this year's event, taking place on November 18 at a location to be determined, as 2017 marks 15 years of helping our community members brighten their days (and walls)! We encourage all service organizations in King and Snohomish counties to apply. We are aware that the aesthetic improvements of painting are also the easiest costs to cut from the annual budget in order to provide funding for crucial service needs to the community. To be considered, the organization must have a space that's in need of upkeep. That's it! Oh, and they also have to apply. We'll do the rest.

    We ask you to reach out to organizations in your community and get an application in their hands. And make sure they get their application in by July 31!

    Just think—by Thanksgiving, one local organization will be sitting in a beautiful, freshly painted space with one more item crossed off their 2018 budget.

    Organizations can apply online or by contacting Michell Filleau-Maas, 425.460.8232 or mfilleau-maas@mbaks.com.

  • New Buildable Lands Law Projected to Improve Data, Fill Gaps In State Housing Inventory Shortages

    by User Not Found | Jul 18, 2017

    By Mike Richards, The Lens News

    Washington homebuilders and realtors are praising a new law that would clarify what land is considered buildable under Growth Management Act (GMA) comprehensive plan updates—a move stakeholders say will help address housing inventory shortages across Washington.

    The Senate approved SB 5254 in a 47-2 vote on June 29. On the same day, the bill passed the House in a 85-9 vote, with four excused. On July 6, Governor Jay Inslee signed the measure into law.

    Read article

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