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The unemployment rate for Seattle/Bellevue/Everett rose to 5.5% in March, according to the latest monthly employment report, which shows the first wave of job losses from the COVID-19 pandemic.

Master Builders Association of King and Snohomish Counties develops a safety packet with templates for builders to resume work during COVID-19 crisis

The housing and economic indictors featured in this month’s Builders Bulletin reflect the state of the market just prior to the start of the COVID-19 crisis in the Puget Sound region.

December 2019 permit numbers show the Seattle metro area ended the year with a modest 3% decline in single-family permits and a 5% drop in multifamily permits compared to 2018.

Construction employment in Washington state reached 227,900 in December 2019, according to preliminary numbers released by the Bureau of Labor Statistics.

Previously serving as 1st Vice President in 2019, Holtzclaw now brings his background in land use and real estate development law to his new role as MBAKS president.

The median price of single-family homes and condos (combined) was $612,000 in King County and $471,747 in Snohomish County in November 2019, according to the latest numbers from the Northwest Multiple Listing Service. This reflects a year-over-year increase of 1.16% and 4.83% respectively.

Housing inventory for sale fell between September and October to 1.74 months’ supply in King County and 1.51 months’ supply in Snohomish County.