Breaking news and resources from across the industry.

  • Builders Bulletin: Home Prices Rising in Two Counties

    Posted on Apr 1, 2022 in:
    • Builders Bulletin
    Median home prices continued their upward trend in February, rising to $759,735 in King County and $700,250 in Snohomish County. The median price of a single family home meanwhile was $857,750 and $745,725 respectively.
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  • Builders Bulletin: Seattle-Area Multifamily Permits Surpass Pre-Covid Levels

    Posted on Mar 9, 2022 in:
    • Builders Bulletin
    The Seattle metropolitan area saw a significant increase in multifamily permit activity in 2021 compared to the previous year, led by King and Pierce counties—up 71% and 31% respectively. More than 22,000 multifamily permits were issued in the three-county metro area last year, surpassing pre-pandemic levels of fewer than 19,000 multifamily homes in 2018 and 2019. Single family permits were also up 24% in Pierce County year-over-year. Meanwhile, Snohomish County had a modest decrease in permits last year compared to 2020. King County ended the year down 8% for single family permits.
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  • What Happened to Housing Supply?

    Posted on Feb 18, 2022 in:
    • Builders
    Washington state and the Puget Sound region are experiencing a significant housing supply shortage. The latest numbers from the Northwest Multiple Listing Service show that we have less than a two-week supply of homes for sale in King and Snohomish counties. And the Puget Sound Regional Council has determined that we need 800,000 new homes by 2050 to meet the future need.
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  • Press Release: MBAKS Inducts Cameron McKinnon as 2022 Board President

    Posted on Feb 3, 2022 in:
    • Press Releases
    • MBAKS News
    • Built Green
    BELLEVUE, Wash., Feb. 3, 2022—The Master Builders Association of King and Snohomish Counties (MBAKS) inducted Cameron McKinnon as its 2022 President of the Board of Directors during the annual holiday gala in December 2021.
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  • Builders Bulletin: Extremely Low Supply of Homes for Sale Continues

    Posted on Jan 28, 2022 in:
    • Builders Bulletin
    Severe shortages of housing inventory for sale continued in December, with only 0.27 months’ supply (about one week) in King County and 0.20 months’ supply (less than a week) in Snohomish County. This represents a decline from the previous month and year-over-year. The snow and cold temperatures also impacted home sales in December, according to the Northwest Multiple Listing Service.
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