Contact: data@mbaks.com

February Builders Bulletin: Housing Inventory in King and Snohomish Counties Remains Low

In February, builder confidence in the market for newly built single-family homes dropped to 42, a decline of five points from January, marking the lowest level in five months. In the West, the HMI stood at 35. According to NAHB, builder sentiment experienced a significant decline in February due to concerns over tariffs, elevated mortgage rates, and high housing costs.

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

FOR IMMEDIATE RELEASE

Master Builders Association President Aims to Continue Association's Legacy as Trusted Source for Homebuilders

“I am thrilled and honored to be serving as President of the Board of Directors,” said Tenhulzen. “After 25 years of being a member, I continue to be inspired by people around me who selflessly give their time to help continue the success of the association.”

With a degree in Exercise Physiology and Business focused on Ergonomics from Washington State University and a Master’s in Human Resources from Southern New Hampshire University, Tenhulzen began her career in Corporate Wellness. Tenhulzen then transitioned into the homebuilding industry when she started her own safety and consulting company, Safety Resource Management and Consulting. She sold her company and joined Tenhulzen Residential seven years later and now serves as the Executive Producer where she oversees the business operations, which includes Human Resources, Sales, and Safety Management.

“Our goal is to build homes, not barriers,” stated Tenhulzen. “The advocacy work that the Master Builders Association of King and Snohomish Counties does will help generations to come set down roots in the wonderful region we call home.”

Tenhulzen is an active member of the Bellevue Breakfast Rotary Club and enjoys watching her son Matthew play football. In their spare time the Tenhulzen family enjoy hiking, skiing, cooking and going on long walks with Isabelle, their black lab.

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 MBAKS Senior Policy Analyst Allison Butcher

Pierce is Only County in Seattle Metro Area to See Permit Activity Rise

Looking at the three-county Seattle Metro Area, Pierce is the only county to see permit activity rise through July 31 of this year, compared to the same period last year. The latest permit data from the U.S. Census Bureau show single family permits rose 13 percent and multifamily permits doubled in Pierce County. Meanwhile, King County saw a slight decrease in permits, with single family permits down 2 percent and multifamily permits down 4 percent. Snohomish County saw double-digit declines of 11 percent and 15 percent, respectively.

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.

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