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

FOR IMMEDIATE RELEASE

MBAKS Inducts Cameron McKinnon as 2022 Board President

BELLEVUE, Wash., Feb. 3, 2022—The Master Builders Association of King and Snohomish Counties (MBAKS) inducted Cameron McKinnon as its 2022 President of the Board of Directors during the annual holiday gala in December 2021.

Born and raised in Everett, Washington, Cameron has over 15 years of experience working in the development and construction industry. After graduating from the University of Denver with degrees in Finance and Accounting. Cameron joined Gamut360 Holdings, LLC to launch and oversee the company’s new division in Seattle which focused on infill residential development of single-family homes and townhomes.

Cameron joined MBAKS in 2013 and has been an active member within the Seattle Builders Council since that time. In 2018, he joined the Board of Directors and within 6 months was elected the 2nd Vice President. As one of the youngest Board Presidents in the history of the organization, Cameron is embracing tomorrow and focusing on growing a younger membership base. He also will work to expand MBAKS’ advocacy work within the housing industry.

“As we look ahead, we are beginning to see a shift in our region’s mindset around what housing and density should look like,” says Cameron. “It is the responsibility of MBAKS to help guide our jurisdictions towards responsible growth to allow for more housing options for all.”

In addition to his role as Partner and the Director of Acquisitions and Development at Gamut360, Cameron recently co-founded Confluence Development, LLC, a Seattle-based residential real estate development firm that focuses on infill developments of townhomes and single-family homes in the Greater Seattle area.

The newly inducted 2022 Board of Directors is rounded out with First Vice President Traci Tenhulzen (Tenhulzen Residential), Second Vice President Trevor Johnson (Blackwood Builders Group), Secretary Cameron Kartak (AAA Kartak Glass & Closet), and Immediate Past President Todd Levitt (Murray Franklyn A Family of Companies).

For more information on this release, contact Stephanie Giralmo at sgiralmo@mbaks.com

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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Homing in on Our Region's Housing Statistics

King County multifamily construction is on the upswing after three months of depressed permits following the implementation of the 2018 Energy Code. 91.7% of those multifamily units—and all of the multifamily growth in King County—are in buildings with five or more units; permits for two- to four-unit housing remain low. King County single-family permits have also hit a high for the year, although it is slightly lower than permit numbers at the same time last year. With less than one month of supply in both King and Snohomish counties, more housing production is desperately needed.

Please contact data@mbaks.com with questions or feedback. We want to know what data would be useful to you!

Months' Supply of Housing Inventory

As of August 2021

	King County had 0.62 months' supply of inventory (down from 1.16 months' of inventory a year ago).
	Snohomish County had 0.49 months' supply of inventory (down from 0.69 a year ago).

Many industry analysts consider a four-to-six-month level as an indicator of a healthy market.

Source: Northwest Multiple Listing Service

Median Home Price

August 2021

	The median price of single-family homes and condos was $771,750 in King County and $667,410 in Snohomish County.
	For single-family homes only, the median price in King County rose 14.41%, from $742,950 a year ago to $850,000. The median price in Snohomish County rose 25.21%, from $555,000 to $694,900.
	In Seattle, the median price of single-family homes and condos was $799,000. The median price for single-family homes only was $875,000, a 6.06% increase from $825,000 in August 2020.

Source: Northwest Multiple Listing Service

Building Permit Activity

Jobs

	The Washington unemployment rate for August 2021 is 5.1%; for Seattle/Bellevue/Everett, it is also 5.1%.
	Construction employment in Washington decreased by 1,600 between July 2021 and August 2021. Total construction employment is 224,200 statewide and 107,300 for Seattle/Bellevue/Everett specifically.

Source: Employment Security Department: WA Employment Estimates (Seasonally Adjusted), August 2021 and Bureau of Labor Statistics.

Population

The Puget Sound region's population as of April 1, 2021 was 4,330,400. Over the past year, the region added 66,200 people, as follows:

Source: Office of Financial Management

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Contact: data@mbaks.com

The HMI was 45 nationally, while in the West the HMI was 41. While this is still below 50 and indicates pessimism about the housing market, the sentiment is slowly rising compared to months prior. The HMI is based on a monthly survey of NAHB members designed to take the pulse of the single-family housing market.

Read the full May Builders Bulletin: