NEWS & BLOG

Breaking news and resources from across the industry.

  • Home Prices Continue to Rise

    Posted on Oct 28, 2020 in:
    • Builders Bulletin
    Median home prices for single-family homes and condos rose more than 17% year-over-year in King and Snohomish counties in September 2020. The King County median home price was $698,230. In Snohomish County, it was $550,000.
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  • Month-to-Month Unemployment Figures Improve

    Posted on Sep 24, 2020 in:
    • Builders Bulletin
    The Washington unemployment rate for August showed some improvement on a monthly basis, moving to 8.5%, compared to 10.2% the previous month. The Seattle/Bellevue/Everett unemployment rate fell from 8.2% in July to 7.4% in August. Twelve months ago the unemployment rate in Snohomish County was 3.0%, and 2.7% in King County. The August 2020 Monthly Employment Report marks the sixth month since the impacts of COVID-19 started showing up in the local labor market.
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  • Codifying Prejudice

    Posted on Sep 14, 2020 in:
    • MBAKS News
    • Industry News
    • Builders
    Our association strives to ensure all people can attain housing. To achieve that goal and right these wrongs, we must face our industry's troubling past. Delve deeper into our region's racist housing history, with links to resources, original documents, and more.
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  • 2020 General Endorsements

    Posted on Sep 14, 2020 in:
    • MBAKS News
    • Endorsements
    • AHC
    • Advocacy
    Each election cycle, our Affordable Housing Council (AHC) interviews candidates at the city, county, and state levels to determine their degree of support for our industry. The following candidates have received an AHC endorsement for the 2020 election cycle.
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  • Housing Supply Continues to Fall Short of Demand

    Posted on Aug 25, 2020 in:
    • Builders Bulletin
    The supply of housing inventory for sale in July remained very low in the Seattle market, with 1.13 months’ supply in King County and just 0.73 months’ supply in Snohomish County, according to the Northwest Multiple Listing Service. Meanwhile, single-family permits in the Seattle metro area (including King, Snohomish, and Pierce counties) were down 7% and multifamily permits down by 11% in June, compared to the same period last year.
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