By MBAKS Senior Policy Analyst Allison Butcher

The number of multifamily permits pulled in King, Snohomish, and Pierce counties rose 53 percent during the first quarter of 2017, compared to the same period last year. Single-family permits declined 8 percent. Meanwhile, King and Snohomish counties continue to see less than a months’ supply of housing inventory for sale during April. The low supply coupled with strong demand has continued to drive home prices up.

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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FOR IMMEDIATE RELEASE
Media Contact:
Sharon Couts
Master Builders Association of King and Snohomish Counties
425.499.1723

Local Remodeling Companies Win Big at Master Builders Association’s Biggest REX/T-REX Awards

BELLEVUE, Wash.—May 7, 2018—On Saturday, local remodeling companies gathered at the Seattle Design Center to celebrate their craftsmanship and talents at the annual Remodeling/Trade Remodeling Excellence (REX/T-REX) Awards, produced by the Remodelers Council of Master Builders Association of King and Snohomish Counties. Overall, 87 entries were submitted, the highest number in the 32-year history of the event. Entries were judged by independent remodeling professionals who chose winners based on the following six criteria:

1. Aesthetics—Is the project visually appealing?
2. Special or unique design solutions—Does the project reflect optimal space planning and livability?
3. Quality workmanship—Does the project exhibit special crafting or exceptional features?
4. Use of appropriate building material—Does the project complement existing structure and design?
5. Budgetary consideration—How did the remodeler successfully utilize solutions to budgetary constraints?
6. Challenges and obstacles—Did the remodeler overcome unique challenges in completing the project?

Here are the 2018 winners (Additional photos available upon request):

About the Master Builders Association of King and Snohomish Counties

Founded in 1909, the Master Builders Association of King and Snohomish Counties has grown to become the largest residential homebuilders association in the United States. With nearly 3,000 member companies, the association is dedicated to membership value, housing advocacy, community service, and financial stewardship throughout the Puget Sound region.

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By MBAKS Senior Policy Analyst Allison Butcher

New data from the Employment Security Department show continued modest improvement in the jobs picture for our state and region. The unemployment rate for Seattle/Bellevue/Everett fell from 5.5 in February to 5.4 in March. Meanwhile, construction employment in Washington increased by 1,400 between February and March.

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.

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