By MBAKS Senior Policy Analyst Allison Butcher

The supply of housing inventory for sale stood at 1.74 months in King County and 1.47 months in Snohomish County in August, which is down slightly from a year ago.  Meanwhile, single-family building permits were down 8% YTD and multifamily permits down 5% in the three-county Seattle Metro Area (King, Snohomish, and Pierce counties) as of July, compared to the same period last year. 

The Builder's 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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By Margo Greenman, 425 Business

With inventory down 25 percent, home values and rents both increasing, and more people moving to the region, the Master Builders Association of King and Snohomish Counties said the local housing market is struggling with a housing affordability crisis.

"Despite efforts to add more housing, including a rise in apartment home construction in the region, the demand for housing has significantly outpaced supply," Master Builders Association executive director Shannon Affholter said in a press release. "Lack of buildable land and other barriers to new home construction have contributed significantly to escalating housing costs and a housing supply shortage in King and Snohomish counties. Unfortunately, this is making it harder for families and workers to find attainable housing near job centers."

Contact:
Stephanie Giralmo, Public Relations & Media Manager
Master Builders Association of King and Snohomish Counties
p 425.457.7067

FOR IMMEDIATE RELEASE

MBAKS Inducts Cameron McKinnon as 2022 Board President

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.

Born and raised in Everett, Washington, Cameron has over 15 years of experience working in the development and construction industry. After graduating from the University of Denver with degrees in Finance and Accounting. Cameron joined Gamut360 Holdings, LLC to launch and oversee the company’s new division in Seattle which focused on infill residential development of single-family homes and townhomes.

Cameron joined MBAKS in 2013 and has been an active member within the Seattle Builders Council since that time. In 2018, he joined the Board of Directors and within 6 months was elected the 2nd Vice President. As one of the youngest Board Presidents in the history of the organization, Cameron is embracing tomorrow and focusing on growing a younger membership base. He also will work to expand MBAKS’ advocacy work within the housing industry.

“As we look ahead, we are beginning to see a shift in our region’s mindset around what housing and density should look like,” says Cameron. “It is the responsibility of MBAKS to help guide our jurisdictions towards responsible growth to allow for more housing options for all.”

In addition to his role as Partner and the Director of Acquisitions and Development at Gamut360, Cameron recently co-founded Confluence Development, LLC, a Seattle-based residential real estate development firm that focuses on infill developments of townhomes and single-family homes in the Greater Seattle area.

The newly inducted 2022 Board of Directors is rounded out with First Vice President Traci Tenhulzen (Tenhulzen Residential), Second Vice President Trevor Johnson (Blackwood Builders Group), Secretary Cameron Kartak (AAA Kartak Glass & Closet), and Immediate Past President Todd Levitt (Murray Franklyn A Family of Companies).

For more information on this release, contact Stephanie Giralmo at sgiralmo@mbaks.com

About MBAKS

Founded in 1909 and headquartered in Bellevue, Washington, the Master Builders Association of King and Snohomish Counties (MBAKS) is the nation’s oldest and largest local homebuilders’ association. Like our founders, our members continue to take a leading role in all facets of homebuilding and support the planning for a growing region. From new technology to advances in sustainability, from collaborative public policy efforts to investing in our communities, our commitment to a thriving, inclusive and well-planned region never wavers. We are the professional homebuilders, architects, remodelers, tradespeople (carpenters, framers, roofers, plumbers, electricians), planners and engineers, suppliers, manufacturers, and sales and marketing professionals in your community who believe everyone deserves access to a healthy and productive place to call home.

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