By MBAKS Senior Policy Analyst Allison Butcher

Your association has created a new report called Builder's Bulletin that aggregates key housing statistics of interest to our industry, such as home price and permit data and supply of housing inventory. This report will be updated monthly and made available to members. 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, U.S. Census Bureau, Office of Financial Management and the Washington State Employment Security Department.

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By MBAKS Senior Policy Analyst Allison Butcher

The Employment Security Department’s latest Monthly Employment Report shows a strong labor market in Washington and Seattle. As reported in the November Builder’s Bulletin, Washington’s unemployment rate for September fell to 4.4 percent, representing a 42-year low based on the Bureau of Labor Statistics data series. The Seattle/Bellevue/Everett unemployment rate was 3.4 percent.

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, State of the Cities Data Systems, Office of Financial Management and the Washington State Employment Security Department.

Download this month's report:

Contact: data@mbaks.com

Seattle Metro Permit Volume Drops in Q1 2025

New permit data show a 33% decline in permits in the Seattle metro area in the first quarter of 2025 compared to the same period last year. While single family permits saw a modest increase in King and Pierce counties through March of this year, they fell 43% in Snohomish County. Multifamily permits were down 46% across our metro area during Q1 2025 compared to last year, with the biggest decline in King County. Pierce County was the only county to see an increase in multifamily permits during the first quarter.

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