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The data reveals a significant decline in multifamily permit activity in King County. In January 2022, there were 1,544 multifamily permits taken out, whereas this January, only 293 were recorded, resulting in an 81% drop year-on-year. Pierce County is also trending downwards; however, Snohomish County has recorded similar numbers to the previous year.

BELLEVUE, Wash., March 7, 2023—Last December the Master Builders Association of King and Snohomish Counties installed Traci Tenhulzen of Tenhulzen Residential as its 2023 President of the Board of Directors during their annual Holiday Gala.

Habitat for Humanity’s Capitol Hill development on 11th Ave. East is five stories of 13 condominiums that will house families living on incomes under 80% of the Area Median Income (AMI).

BELLEVUE, Wash., Feb. 9, 2023—The Master Builders Association of King and Snohomish Counties (MBAKS) is excited to announce the promotion of Jerry Hall to Executive Director.

Month’s supply of housing inventory for both King County and Snohomish County is still below a 2-month inventory, indicating that the market has not yet made the switch into a buyer’s market. Industry analysts consider a 4–6-month supply to be an indication of a healthy market. Snohomish County continues to be the most competitive within the Puget Sound region.

“Our clinics never closed throughout the pandemic. While our care became accessible and flexible with telehealth, it also flooded. The past two years have been a constant balancing act between supporting our staff and clients. But we never closed our doors.”

Single-family permit activity continues to fall, with amounts down 17% compared to this time last year. However, multifamily permits are up 1% when compared to this time last year.