Breaking news and resources from across the industry.

  • Unemployment Rate Falls in January

    Posted on Mar 18, 2021 in:
    • Builders Bulletin
    The January jobs report was just released on March 16 and showed improvement from the prior month. Washington’s unemployment rate fell from 7.1% in December 2020 to 6.0% in January 2021. The January unemployment rate in the Seattle metropolitan area was 5.8%. The March Builders Bulletin also includes year-end permit totals for 2020, which were relatively flat for single-family. In contrast, multifamily permits fell 17% in King, Snohomish, and Pierce counties in 2020 compared to 2019.
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  • Home Prices Up in December

    Posted on Jan 29, 2021 in:
    • Builders Bulletin
    King and Snohomish counties ended 2020 with higher year-over-year median home prices amid continued tight supply of housing inventory for sale. The December 2020 median home price for single-family homes and condos was $676,000 in King County and $535,000 in Snohomish County, an increase of 9.92% and 8.08% respectively, compared to December 2019.
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  • COVID-19 and Design Review Processes

    Posted on Jan 15, 2021 in:
    • Industry News
    • Builders
    • Advocacy
    Administrative design review processes implemented due to COVID-19 are permitting housing faster. We should consider making them permanent.
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  • ​PRESS RELEASE: Master Builders Association Inducts Todd Levitt as President

    Posted on Jan 11, 2021 in:
    • Press Releases
    • MBAKS News
    Levitt brings an extensive background in homebuilding to his role as MBAKS president. He has worked for more than 19 years across four western states on the land side of homebuilding.
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  • Supply of Housing Inventory Continues to Drop

    Posted on Jan 4, 2021 in:
    • Builders Bulletin
    Data show the supply of housing for sale continuing to decline in King and Snohomish counties. King County had 0.93 months’ supply of inventory, down from 1.39 months’ of inventory a year ago. Snohomish County had just 0.49 months’ supply of inventory in November, down from 1.27 a year ago.
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