By Allison Butcher, MBA Senior Policy Analyst
The Washington State Office of Financial Management (OFM) has released its annual population estimates, which show our state grew by an estimated 126,600 persons, or 1.76 percent, over the past year. According to OFM, this is the largest percentage increase since 2006. The July Builder’s Bulletin focuses on the Puget Sound Region’s share of this increase. The region grew by 81,760 people over the past year. Although this growth figure came in less than last year’s increase of 86,320 people, it is still significant, with 65 percent of the state’s total population growth occurring in King, Kitsap, Pierce, and Snohomish counties.
The Builders’ Bulletin is intended to provide a convenient way to track housing in our market and includes information from the Northwest Multiple Listing Service, U.S. Census Bureau, Office of Financial Management and the Washington State Employment Security Department.