Following a vote of our members of record, MBAKS is pleased to announce the following elected positions on the MBA 2025 Board of Directors:

• First Vice President, Vitaliy Gutsalo of Greencity Development, LLC
• Second Vice President, Tod Sakai, Sockeye Homes
• Secretary, Brenda Nunes of KW Nunes Group
• Associate at Large, Jordan Thayer, Morgan Stanley
• Builder at Large, John Mirante, D.R. Horton by Pacific Ridge Series
• Builder at Large, Mark Chriest, MainVue Homes 

By Mike Richards, The Lens News

Washington homebuilders and realtors are praising a new law that would clarify what land is considered buildable under Growth Management Act (GMA) comprehensive plan updates—a move stakeholders say will help address housing inventory shortages across Washington.

The Senate approved SB 5254 in a 47-2 vote on June 29. On the same day, the bill passed the House in a 85-9 vote, with four excused. On July 6, Governor Jay Inslee signed the measure into law.

By MBAKS Senior Policy Analyst Allison Butcher

The median price of single-family homes and condos rose to $679,075 in King County and $576,050 in Snohomish County in February, data from the Northwest Multiple Listing Service show. Home prices are rising amid continued strong demand and low supply of homes for sale. King County had less than a months’ supply of homes for sale in February, while Snohomish County had less than two weeks’ supply.

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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