By Economic Development Council

The Master Builders Association of King and Snohomish Counties (MBA) is the nation's oldest and largest local homebuilders association. The MBA serves every area of the residential homebuilding industry and the EDC was able to get the inside scoop from Shannon Affholter, Executive Director on the organization's services and long-term goals.

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By MBAKS Senior Policy Analyst Allison Butcher

The number of single family permits issued in 2018 in the Seattle metro area (King, Snohomish, and Pierce counties) fell 9 percent last year compared to 2017, while multifamily permits increased by 9 percent. These year-end numbers for the three-county region were driven by a decline in single family permits in Snohomish and Pierce counties, which saw 18 percent and 17 percent drops respectively. Likewise, Snohomish and Pierce counties’ multifamily permit numbers rose significantly in 2018 – by 71 percent in Snohomish County and 51 percent in Pierce County. Meanwhile, King County experienced a modest 2 percent increase in single family and a 2 percent drop in multifamily permits in 2018.

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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Contact: data@mbaks.com

Significant changes are evident in the building permit landscape for the Seattle Metro Area, encompassing King, Snohomish, and Pierce counties, based on data as of November 2023. Single-family permits total 5,501, reflecting a year-to-date (YTD) decrease of 20% compared to the same period in 2022. Concurrently, multifamily permits stand at 10,175, indicating a more substantial YTD decline of 44% compared to the previous year. These figures underscore a notable downturn in both single-family and multifamily permits.

Read the full January Builders Bulletin: