This week, Shannon talks to David Barnes with the City of Kirkland about our upcoming Residential Builders Council meeting. Join RBC and Built Green to learn more about green building incentives, how they work, and provide feedback to participating cities.

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By The Money Hour with Tina Mitchell

Leah Missik with Built Green has been the program manager for about two years. As the program manager, she has grown the certification, conducted a green home study that received national attention, and was nominated for a Northwest Emmy Award for a public-facing ad campaign on the advantages of living in a Built Green® home. Prior to Built Green, Leah worked as a Renewable Energy Analyst, supporting a small-scale renewables program where a utility bought back energy at a premium rate.  In The Money Hour segment today, Leah talks about the importance and benefits of green homes and Built Green.

Homing in on Our Region's Housing Statistics

By MBAKS Senior Policy Analyst Allison Butcher

Snohomish County’s median home price for single family homes and condos combined reached a new high of $800,000 in April. Meanwhile, the median price of a single family home in Seattle surpassed $1 million, with King County not far behind. According to data from the Northwest Multiple Listing Service, King County’s median single family home price rose to $995,000 in April, a 20% increase from a year ago.

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 April 2022

	King County had 0.69 months' supply of inventory (up from 0.65 months' of inventory a year ago).
	Snohomish County had 0.64 months' supply of inventory (up 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

April 2022

	The median price of single-family homes and condos was $880,000 in King County and $800,000 in Snohomish County.
	For single-family homes only, the median price in King County rose 19.88%, from $830,000 a year ago to $995,000. The median price in Snohomish County rose 24.34%, from $675,000 to $839,298.
	In Seattle, the median price of single-family homes and condos was $888,000. The median price for single-family homes only was $1,019,950, a 16.57% increase from $875,000 in April 2021.

Source: Northwest Multiple Listing Service

Building Permit Activity

Jobs

	The seasonally adjusted Washington unemployment rate for April 2022 is 4.1%; for Seattle/Bellevue/Everett, it is 2.9%.
	Construction employment in Washington increased by 200 between March 2022 and April 2022. Total construction employment is 231,000 statewide and 108,100 for Seattle/Bellevue/Everett specifically.

Source: Employment Security Department: WA Employment Estimates (Seasonally Adjusted), April 2022 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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