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Nona Raybern, PR & Media Manager
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.

Help Resolve this Crisis by Contacting your Senators Today

Tariffs on imported Canadian softwood lumber are contributing to increased production costs and harming home buyers. With lumber prices running well above $500 per thousand board feet in July, we need a solution to protect the home building industry and consumers.

Tell your senators to NEGOTIATE NOW to reach a lumber trade solution.

Share this video and send a message now asking your senators to sign onto a bipartisan letter urging the administration to reach a lumber trade solution with Canada.

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Homing in on Our Region's Housing Statistics

Though not quite a record low, housing supply is still far from healthy in the Puget Sound region. Year over year, months of supply dropped 42% to 0.57 and 27% to 0.36 in King and Snohomish counties, respectively.

The East of Lake Sammamish MLS map area had the lowest months of inventory for King County, at 0.16; Belltown/Downtown had the highest, at 2.41. King County condo supply was higher, at 0.94 months of supply, than single-family housing supply, at 0.47.

The Southwest Snohomish County MLS map area had the lowest months of inventory for Snohomish County, at 0.25, and Northeast Snohomish County had the highest, at 0.49. Snohomish County condo supply was lower, at 0.24 months of supply, than single-family housing supply, at 0.39. 

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 October 2021

	King County had 0.57 months' supply of inventory (down from 0.99 months' of inventory a year ago).
	Snohomish County had 0.36 months' supply of inventory (down 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

October 2021

	The median price of single-family homes and condos was $750,000 in King County and $664,950 in Snohomish County.
	For single-family homes only, the median price in King County rose 10.64%, from $745,000 a year ago to $824,270. The median price in Snohomish County rose 19.83%, from $579,972 to $695,000.
	In Seattle, the median price of single-family homes and condos was $790,000. The median price for single-family homes only was $850,000, a 6.25% increase from $800,000 in October 2020.

Source: Northwest Multiple Listing Service

Building Permit Activity

Jobs

	The seasonally adjusted Washington unemployment rate for October 2021 is 5.0%; for Seattle/Bellevue/Everett, it is 4.9%.
	Construction employment in Washington decreased by 800 between September 2021 and October 2021. Total construction employment is 228,100 statewide and 109,600 for Seattle/Bellevue/Everett specifically.

Source: Employment Security Department: WA Employment Estimates (Seasonally Adjusted), October 2021 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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