Listen: The Dunn Lumber Podcast: Document, Document, Document, recorded live September 29 at the Master Builders Association Remodelers Council Dinner. Shelli Lucus-Kennedy tells us how to lower insurance rates and decrease liability using firsthand experience and real-world examples.

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Association Seeking Nominations for MBAKS Hall of Fame

Do you know someone who has made a significant contribution to the Master Builders Association of King and Snohomish Counties? The MBAKS Hall of Fame Award honors those who have made significant and lasting contributions to the association.

We are asking members to nominate someone deserving of this award and submit it to Kelsey Burdulis kburdulis@mbaks.com by Friday, September 6, 2024. Download the nomination form.

Nomination Period Open for Exceptional Service Award

Do you know an association member or staff member who has performed distinguished service to MBAKS on a sustained basis for at least 10 years? Now is the time to consider nominating them for an Exceptional Service Award. The award represents the highest recognition for members and staff for their professional leadership and exemplary service to the association.

If you would like to recommend someone for this award, please submit your nomination to

Kelsey Burdulis- kburdulis@mbaks.com by Friday, September 6, 2024. Download the nomination form.

Homing in on Our Region's Housing Statistics

By MBAKS Senior Policy Analyst Allison Butcher

Snohomish County’s median home price for single family homes and condos combined reached a new high of $800,000 in April. Meanwhile, the median price of a single family home in Seattle surpassed $1 million, with King County not far behind. According to data from the Northwest Multiple Listing Service, King County’s median single family home price rose to $995,000 in April, a 20% increase from a year ago.

Please contact data@mbaks.com with questions or feedback. We want to know what data would be useful to you!

Months' Supply of Housing Inventory

As of April 2022

	King County had 0.69 months' supply of inventory (up from 0.65 months' of inventory a year ago).
	Snohomish County had 0.64 months' supply of inventory (up from 0.49 a year ago).

Many industry analysts consider a four-to-six-month level as an indicator of a healthy market.

Source: Northwest Multiple Listing Service

Median Home Price

April 2022

	The median price of single-family homes and condos was $880,000 in King County and $800,000 in Snohomish County.
	For single-family homes only, the median price in King County rose 19.88%, from $830,000 a year ago to $995,000. The median price in Snohomish County rose 24.34%, from $675,000 to $839,298.
	In Seattle, the median price of single-family homes and condos was $888,000. The median price for single-family homes only was $1,019,950, a 16.57% increase from $875,000 in April 2021.

Source: Northwest Multiple Listing Service

Building Permit Activity

Jobs

	The seasonally adjusted Washington unemployment rate for April 2022 is 4.1%; for Seattle/Bellevue/Everett, it is 2.9%.
	Construction employment in Washington increased by 200 between March 2022 and April 2022. Total construction employment is 231,000 statewide and 108,100 for Seattle/Bellevue/Everett specifically.

Source: Employment Security Department: WA Employment Estimates (Seasonally Adjusted), April 2022 and Bureau of Labor Statistics.

Population

The Puget Sound region's population as of April 1, 2021 was 4,330,400. Over the past year, the region added 66,200 people, as follows:

Source: Office of Financial Management

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