Breaking news and resources from across the industry.

  • Latest Jobs Report Shows Modest Improvement

    Posted on Apr 22, 2021 in:
    • Builders Bulletin
    New data from the Employment Security Department show continued modest improvement in the jobs picture for our state and region. The unemployment rate for Seattle/Bellevue/Everett fell from 5.5 in February to 5.4 in March. Meanwhile, construction employment in Washington increased by 1,400 between February and March.
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  • Low Supply Continues to Push Home Prices Higher

    Posted on Apr 1, 2021 in:
    • Builders Bulletin
    The median price of single-family homes and condos rose to $679,075 in King County and $576,050 in Snohomish County in February, data from the Northwest Multiple Listing Service show. Home prices are rising amid continued strong demand and low supply of homes for sale. King County had less than a months’ supply of homes for sale in February, while Snohomish County had less than two weeks’ supply.
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  • 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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