Contact: data@mbaks.com

In September 2024, Washington's unemployment rate stood at 4.8%, with the Seattle/Bellevue/Everett area slightly lower at 4.4%. Between September 2023 and September 2024, construction employment in the state saw a boost, adding 4,700 jobs, bringing the total to 236,600.

Read the full October Builders Bulletin

In King County, the median price for single-family homes and condos reached $860,000, while in Snohomish County, it was $762,500. For single-family homes alone, King County saw a 5% increase in median price, rising from $906,250 last year to $955,000.

Meanwhile, Snohomish County experienced a 7% increase, with the median price climbing from $730,563 to $780,000.

For more data contact: data@mbaks.com

Download the PDF: Sep. Builders Bulletin

 

Contact: data@mbaks.com

In July 2024, Washington’s unemployment rate stood at 4.9%, with the Seattle/Bellevue/Everett area slightly lower at 4.4%. The construction sector faced a significant downturn, losing 14,100 jobs over the past year, bringing total statewide construction employment to 227,400. This decline highlights ongoing challenges in the industry despite overall employment stability.

Read the full August Builders Bulletin:

Association Seeking Nominations for MBAKS Hall of Fame

Do you know someone who has made a significant contribution to the Master Builders Association of King and Snohomish Counties? The MBAKS Hall of Fame Award honors those who have made significant and lasting contributions to the association.

We are asking members to nominate someone deserving of this award and submit it to Kelsey Burdulis kburdulis@mbaks.com by Friday, September 6, 2024. Download the nomination form.

Nomination Period Open for Exceptional Service Award

Do you know an association member or staff member who has performed distinguished service to MBAKS on a sustained basis for at least 10 years? Now is the time to consider nominating them for an Exceptional Service Award. The award represents the highest recognition for members and staff for their professional leadership and exemplary service to the association.

If you would like to recommend someone for this award, please submit your nomination to

Kelsey Burdulis- kburdulis@mbaks.com by Friday, September 6, 2024. Download the nomination form.

Following a vote of our members of record, MBAKS is pleased to announce the following elected positions on the MBA 2025 Board of Directors:

• First Vice President, Vitaliy Gutsalo of Greencity Development, LLC
• Second Vice President, Tod Sakai, Sockeye Homes
• Secretary, Brenda Nunes of KW Nunes Group
• Associate at Large, Jordan Thayer, Morgan Stanley
• Builder at Large, John Mirante, D.R. Horton by Pacific Ridge Series
• Builder at Large, Mark Chriest, MainVue Homes 

Contact: data@mbaks.com

While our local inventory is rising, we are still the lowest in Washington State, with the state average at 2.17. Months of inventory in June 2024 were Snohomish (1.37), King (1.94), and Pierce (2.00). As the inventory grows, it is evident that mortgage rates are a large player in affordability regarding housing market worries.

Read the full July Builders Bulletin:

Primary ballots are being mailed out this week so please look for them in your mailbox and make sure to vote! Tuesday, August 6 is the last day to return your ballot either by mail or at a drop box. The election is crucial for housing policy as it will determine which candidates advance to the General Election, potentially shifting the balance of power and philosophical approach to housing initiatives. This election serves as a barometer for public sentiment on key issues and sets the stage for future legislative actions. Counties will certify the Primary Election on August 20 and the General Election is Tuesday, November 5.
 
You can find drop box locations, ballot questions, candidate statements, and more information related to the election at King County Elections or Snohomish County Elections.  

You can review candidate endorsements by the Affordable Housing Council (AHC) below and see the full AHC list HERE.

Contact: data@mbaks.com

The housing market in Washington experienced growth, with 24 out of 26 counties reporting a year-over-year increase in available homes. Overall, active property listings in Washington counties covered by NWMLS rose by 41%. The month's supply of housing inventory as of May 2024 is at 1.5 in King County and 1.2 in Snohomish county.

Read the full June Builders Bulletin:

Contact:
Master Builders Association of King and Snohomish Counties
p 425.457.7067
pr@mbaks.com

FOR IMMEDIATE RELEASE

Master Builders Association of King and Snohomish Counties Wins Awards for Best Service to Members and Best Community Service Project Conducted

BELLEVUE, Wash., June 12, 2024—MBAKS has been recognized for its outstanding Community Stewardship and GRIP programs with two Awards of Excellence from the Executive Officers Council (EOC) of the National Association of Home Builders (NAHB).

“What an honor it is to have our team recognized for all the work they do to make home happen,” said Jerry Hall, Executive Director. “I’m so proud of the ways in which we’ve been able to give back, through a number of community stewardship projects as well as through the benefits our members receive from the GRIP program."

MBAKS offers member companies an opportunity to gain reimbursements for cultivating safe working environments through GRIP. Over the years, the program has constantly evolved to provide the highest level of service for the lowest cost while prioritizing the safety of member participants.

Since its inception, MBAKS’ Community Stewardship has given back to local communities through volunteer based projects as well as financial contributions. Through two flagship projects, Rampathon and Painting A Better Tomorrow, staff and member volunteers have improved homes and community spaces across the region, including constructing over 600 ramps for individuals and families with mobility issues and refreshing the interiors of more than 20 local nonprofit organizations.

The Association Excellence Awards is an annual program designed to recognize the outstanding accomplishments of state and local home builders’ associations and executive officers in the field of association management. EOC membership is comprised of the staff executives who direct more than 590 NAHB-affiliated state and local home builders’ associations representing more than 130,000 home builders in communities across the United States.

“I am inspired by the outstanding achievements of our local associations that won AEA honors this year. Their dedication to excellence, innovation, and community impact sets a high standard for all of us,” said Natalie Fryer, EOC President and Executive Officer of the HBA of Fayetteville. “These associations are shining examples of what can be accomplished with vision, hard work, and a commitment to quality. Congratulations to all the award-winning associations for their well-deserved recognition. Your accomplishments not only benefit your members but also enhance the entire Federation.”

The winning entries will be added to the NAHB website, so that other executives and associations across the country can access and learn from them in order to provide better service to their own members and community.

For more information on the Master Builders Association of King and Snohomish Counties go to mbaks.com or contact pr@mbaks.com. Learn more about the Association Excellence Awards. 

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About MBAKS

The Master Builders Association of King and Snohomish Counties (MBAKS) is the nation’s oldest and largest local homebuilders association, helping to make home happen since 1909. 

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