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Master Builders Association of King and Snohomish Counties
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Master Builders Association Names Brian Holtzclaw President of Board of Directors

Born and raised in Washington state, Holtzclaw has been a practicing lawyer since 1993. His main interests have revolved around development and land use issues in the Pacific Northwest, focusing on meeting the ever-rising demand for housing across all segments of the market. He holds a law degree from the University of Puget Sound School of Law (now Seattle University) and a degree in economics from Whitman College.

The newly inducted Board of Directors will be rounded out with 1st Vice President Todd Levitt (Murray Franklyn Family of Companies), 2nd Vice President Cameron McKinnon (Gamut360 Holdings), Secretary Luellen Smith (Rhino Wine Cellars & Cooling Systems), and Immediate Past President Bonnie Geers (Quadrant Homes).

Holtzclaw currently serves as in-house counsel for Village Life, a community and housing development firm, as well as mayor pro tem for the city of Mill Creek in Snohomish County. MBAKS is thrilled to have his expertise to guide the Board of Directors into the new decade.

Founded in 1909, the Master Builders Association of King and Snohomish Counties (MBAKS) has grown to become the largest local residential homebuilders association in the United States. With more than 2,700 member companies, the association is dedicated to membership value, housing advocacy, community service, and financial stewardship throughout the Puget Sound region.

By MBAKS Senior Policy Analyst Allison Butcher

The latest data from the Census Bureau show single-family permits up 25% in the three-county Seattle metro area through March, compared to the same period last year. Pierce County saw the biggest rise in single-family permit activity among the three counties, up 61% year-over-year in the first quarter. Multifamily permits more than doubled in the region, led by big upticks in Pierce and King counties. However, Snohomish County experienced a drop in multifamily permit activity in the first quarter.

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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Washington state and the Puget Sound region are experiencing a significant housing supply shortage. The latest numbers from the Northwest Multiple Listing Service show that we have less than a two-week supply of homes for sale in King and Snohomish counties. For perspective, many industry analysts consider a four-to-six-month supply as an indicator of a healthy market.

The Puget Sound Regional Council has said in their Housing Needs Assessment that our four-county Puget Sound region needs 800,000 new homes by 2050 to meet the future need. For King County alone, the Regional Affordability Task Force has reported a total of 244,000 net new homes are needed by 2040 to meet demand. At this point we are already starting several hundreds of thousands of homes behind.

Why does this matter?
Limited housing supply increases the costs of homes, which makes becoming a homeowner out of reach for more community members.

According to the Northwest Multiple Listing Service January data, the median price for single-family homes in King County rose 9.46%, from $740,000 a year ago to $810,000. In Snohomish County, the median price rose 22.06%, from $573,495 to $700,000.

What created this housing supply shortage?
There are several factors that contribute to the housing supply shortage in our region and hinders our industry’s ability to add more affordable housing choices. These factors include:

• Inflation driving up the costs of building materials 

• Limited land supply on which to build

• Local development regulations not aligned with meeting the urgent need for more housing

• Permit delays

• Persistent labor shortages making is challenging to keep projects on schedule

• Supply chain disruptions

Additionally, King County is experiencing a shortage of concrete due to a nearly three-month long strike across numerous local concrete companies. Most American home foundations are concrete, along with other integral outdoor features such as pathways, stairs, and sidewalks. The inability to get concrete to builders’ jobsites is inhibiting their ability to meet the demand for additional housing.

Where does MBAKS fit into this?
Driven by our mission, MBAKS is committed to ensuring all people can attain housing. One way we do this is through our advocacy work. Our government affairs team is dedicated to making sure our members have a voice in policy and regulatory debates that directly impact the housing industry. Only through our direct participation in this dialogue can we hope to create a better climate for housing.