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This month's Builders Bulletin features a new data point, the NAHB/Wells Fargo Housing Market Index (HMI). This is a national and regional indicator that tracks builder perception of current single-family home sales and expectations. It has decreased every month in 2022, reflecting a general bearish outlook towards the housing market amid rising construction costs and high interest rates.

Each election cycle, our Affordable Housing Council (AHC) interviews candidates at the city, county, and state levels to determine their degree of support for our industry. The following candidates have received an AHC endorsement for the 2022 election cycle.

The Black Homeownership Initiative is working to close the homeownership gap.

King County’s August median home price of $815,000 stayed relatively flat compared to the previous month, which was $810,000. Snohomish County saw a month-over-month dip in its median home price of single-family homes and condos—from $737,500 in July to $700,000 in August. Year-over-year prices were up 5.6% in King County and 4.9% in Snohomish County.

What’s driving up home prices? Supply and Demand.

Data in the latest Builders Bulletin show a mixed bag for building permit activity in the first half of 2022. Separately, the NAHB/Wells-Fargo Housing Market Index, which measures the confidence of single-family builders nationwide, has been falling amid higher interest rates and ongoing supply chain problems.

A home is not truly complete until its unique details are set in place. Crystalline shower doors, eye-popping accent walls, and ornate tile floors transform mere rooms into showpieces offering a lifetime of delights.

June housing data from the Northwest Multiple Listing Service show a growing inventory of homes for sale, with 1.34 months’ supply available in both King and Snohomish counties. While this moves us toward greater balance in the market, many analysts consider a four-to-six-month level as an indicator of a healthy market.