The new report shows Washington permit reviews are taking far longer than allowed by law, reinforcing the urgent need for reform. MBAKS highlights this data as proof that faster, more transparent permitting is essential for housing availability.

Builder confidence continues to falter, with the national Housing Market Index (HMI) falling to 32, a 29% drop year over year.

New permit data show a 33% decline in permits in the Seattle metro area in the first quarter of 2025 compared to the same period last year.

Governor Bob Ferguson has signed HB 1096 into law, legalizing residential lot splitting across the state. After three years of advocacy, this landmark reform creates a straightforward, administrative process for homeowners and homebuilders to divide a single lot into two.

Housing inventory in King and Snohomish counties has improved slightly but remains below healthy market levels, with King County at 1.9 months' supply and Snohomish County at 1.4.