By Margo Greenman, 425 Business Magazine

Headquartered in Bellevue, the Master Builders Association of King and Snohomish Counties is one of the oldest and largest local homebuilders association in the United States. With a more than 100-year history, the association has deep roots in the region.

By MBAKS Senior Policy Analyst Allison Butcher

Housing inventory for sale fell between September and October to 1.74 months’ supply in King County and 1.51 months’ supply in Snohomish County. In both counties, this is down from a year ago. Meanwhile single-family and multifamily building permits were down 6% in the Seattle Metro Area (including King, Snohomish, and Pierce counties) in September 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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Congresswoman Suzan DelBene recently visited the Snohomish County Builders Council to speak with Master Builders Association of King and Snohomish Counties (MBAKS) members about key federal housing and economic issues impacting the residential construction industry. During the meeting, Congresswoman DelBene provided an overview of ongoing federal housing discussions and participated in a member Q&A session. Builders and industry professionals shared their challenges related to housing supply, affordability, permitting delays, workforce shortages, and the overall regulatory environment facing homebuilding in Washington state.

During her remarks, Congresswoman DelBene highlighted several key federal housing priorities, including the need to advance comprehensive housing legislation (ROAD to Housing Act), expand and strengthen the Low-Income Housing Tax Credit (LIHTC), and address ongoing permitting and regulatory challenges that continue to delay housing production nationwide. She also discussed the importance of improving coordination across federal agencies and modernizing policies to help increase housing supply and affordability in communities across Washington and the country.

As these conversations continue at the federal level, MBAKS will be heading to Washington, D.C. in June for the NAHB Legislative Conference to meet directly with Washington’s congressional delegation and advocate for key industry priorities.

High priority topics will include:

• Advancing comprehensive housing legislation.
• Addressing permitting challenges and burdensome building codes.
• Supporting workforce development and immigration reforms to help meet the growing demand for housing and strengthen the residential construction workforce.

View more information about the NAHB Legislative Conference.