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March 2026 Builders Bulletin: Building Permits Slowed in 2025

The March Builders Bulletin features recently released permit data for the Seattle metropolitan area through December 2025. Our three-county metro area (King, Snohomish, and Pierce counties) ended the year with 12% fewer total permits issued than the previous year. This figure reflects a 5% decline in single family permits and a 16% drop in multifamily permits.

Despite the regional slowdown, King County saw a modest bump in single family permits in 2025 while Pierce County experienced an increase in multifamily permits. See the Building Permits section for a complete breakdown by county.

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Volunteers from MBAKS, Green Canopy Homes, and Rebuilding Together Seattle worked together recently to make Janice's home safer to live in.

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By MBAKS Senior Policy Analyst Allison Butcher

In May, the median home price rose to $775,000 in King County and $655,000 in Snohomish County, up 23.6% and 32.86% respectively from a year ago. The low inventory of homes for sale plus high demand continues to put upward pressure on home prices.

The Builders Bulletin is intended to provide a convenient way to track housing in our market and includes information from the Northwest Multiple Listing Service, State of the Cities Data Systems, Office of Financial Management, and the Washington State Employment Security Department.

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