By MBAKS Senior Policy Analyst Allison Butcher

Home Prices Up Amid Continued Inventory Crunch

King and Snohomish counties continue to have less than one month's supply of housing inventory for sale. Our region's low supply coupled with strong demand is driving up home prices. The latest market summary from the Northwest Multiple Listing Service shows median home prices are up 14 percent year-over-year in both counties during February.

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, U.S. Census Bureau, Office of Financial Management and the Washington State Employment Security Department.

Download this month's report:

Contact:
Stephanie Giralmo, Public Relations & Media Manager
Master Builders Association of King and Snohomish Counties
p 425.457.7067

FOR IMMEDIATE RELEASE

MBAKS Builds Ramps to Give Mobility Freedom to Those in Need

BELLEVUE, Wash., May 23, 2022—Since 1993 the Master Builders Association of King and Snohomish Counties (MBAKS) has built almost 600 wheelchair access ramps for families in need. Built by MBAKS members and community volunteers, these ramps provide a much-needed benefit for those who struggle to get themselves or their loved ones safely in and out of their homes.

“As one of our signature community stewardship programs, Rampathon is something we look forward to every year,” says Jerry Hall, Executive Director at MBAKS. “I have so much gratitude for our members, who lend their free time and knowledge to provide mobility freedom to individuals and families within our community.”

MBAKS is planning to build 27 mobility ramps for deserving families across King and Snohomish Counties this year. As part of this effort, they showcased Francisco Avila-Mooney, an 8-year-old who is wheelchair-bound and has multiple equipment needs for his therapy and care. At the time of the showcase, the Avila-Mooney Family did not have a ramp, which made it difficult to get Francisco out of the house. However, thanks to the efforts of MBAKS member, Shirey Home Pro, the family now has a new ramp that aids in ease of mobility and safety, making it easier to transport Francisco to and from his appointments.

In addition to the 22 member companies that volunteered to be a part of this year’s program, long-time program sponsor Dunn Lumber supplied the lumber at no cost and BECU provided funding as the Community Sponsor.

“MBAKS has been working tirelessly since 1909 to support builders who build homes for our communities and provide attainable homes for all,” said Traci Tenhulzen, MBAKS Board President and Executive Producer at Tenhulzen Residential. “It is a pleasure to be a part of an association that provides this invaluable service of universal access to those in need. Tenhulzen Residential has been building ramps for Rampathon since the program began and we look forward to building our 33rd ramp this summer.”

About MBAKS

Founded in 1909 and headquartered in Bellevue, Washington, the Master Builders Association of King and Snohomish Counties (MBAKS) is the nation’s oldest and largest local homebuilders’ association. Like our founders, our members continue to take a leading role in all facets of homebuilding and support the planning for a growing region. From new technology to advances in sustainability, from collaborative public policy efforts to investing in our communities, our commitment to a thriving, inclusive and well-planned region never wavers. We are the professional homebuilders, architects, remodelers, tradespeople (carpenters, framers, roofers, plumbers, electricians), planners and engineers, suppliers, manufacturers, and sales and marketing professionals in your community who believe everyone deserves access to a healthy and productive place to call home.

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By Margo Greenman, 425 Business

With inventory down 25 percent, home values and rents both increasing, and more people moving to the region, the Master Builders Association of King and Snohomish Counties said the local housing market is struggling with a housing affordability crisis.

"Despite efforts to add more housing, including a rise in apartment home construction in the region, the demand for housing has significantly outpaced supply," Master Builders Association executive director Shannon Affholter said in a press release. "Lack of buildable land and other barriers to new home construction have contributed significantly to escalating housing costs and a housing supply shortage in King and Snohomish counties. Unfortunately, this is making it harder for families and workers to find attainable housing near job centers."