Building Permits Up in Region

By MBAKS Senior Policy Analyst Allison Butcher

The latest data from the Census Bureau show single-family permits up 25% in the three-county Seattle metro area through March, compared to the same period last year. Pierce County saw the biggest rise in single-family permit activity among the three counties, up 61% year-over-year in the first quarter. Multifamily permits more than doubled in the region, led by big upticks in Pierce and King counties. However, Snohomish County experienced a drop in multifamily permit activity in the first quarter.

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:

Master Builders Association Names Lowe Director of Government Affairs

BELLEVUE, Wash.—June 26, 2018—The Master Builders Association of King and Snohomish Counties announced that it has named Marco M. Lowe as director of Government Affairs.

Prior to joining MBAKS, Lowe served as vice president of Seattle’s renewable district energy system, Enwave Seattle, where he led the system’s growth, government relations and other operational duties. Earlier, he served as department director in Seattle’s Office of Intergovernmental Relations.

Before his role at Enwave, Lowe worked as chief of staff at New York City’s Department of Small Business Services, as director of community relations for Mayor Greg Nickels and as a member of Gary Locke’s gubernatorial staff.

“I am very excited to be joining the team at MBAKS and am ready to help carry on the critical mission of housing the Puget Sound region,” Lowe says on his new role. “The advocacy work at the association is an integral part of this mission, and I am lucky to be working with such a strong group on the Government Affairs team.”

MBAKS Executive Director Kat Sims says, “In our continued efforts to advocate for the builders and residents of our great region, Marco’s experience with city government will be an asset to our association members as well as the cities and homeowners for which they build market-rate, middle-income and affordable housing options.”

Lowe received a Bachelor of Arts at the University of Washington before earning his master’s degree in public administration from Harvard’s Kennedy School.

Lowe begins his tenure at MBAKS June 27.

About MBAKS

Founded in 1909, the Master Builders Association of King and Snohomish Counties (MBAKS) has grown to become the largest residential home builders association in the United States. With 2,900 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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Builders

01/28/2022

Builders Bulletin: Extremely Low Supply of Homes for Sale Continues

Homing in on Our Region's Housing Statistics

Severe shortages of housing inventory for sale continued in December, with only 0.27 months’ supply (about one week) in King County and 0.20 months’ supply (less than a week) in Snohomish County. This represents a decline from the previous month and year-over-year. The snow and cold temperatures also impacted home sales in December, according to the Northwest Multiple Listing Service.

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 December 2021

	King County had 0.27 months' supply of inventory (down from 0.63 months' of inventory a year ago).
	Snohomish County had 0.20 months' supply of inventory (down from 0.26 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

December 2021

	The median price of single-family homes and condos was $749,000 in King County and $679,950 in Snohomish County.
	For single-family homes only, the median price in King County rose 9.46%, from $740,000 a year ago to $810,000. The median price in Snohomish County rose 22.06%, from $573,495 to $700,000.
	In Seattle, the median price of single-family homes and condos was $762,475. The median price for single-family homes only was $839,000, a 4.88% increase from $799,950 in December 2020.

Source: Northwest Multiple Listing Service

Building Permit Activity

Jobs

	The seasonally adjusted Washington unemployment rate for December 2021 is 4.5%; for Seattle/Bellevue/Everett, it is 4.1%.
	Construction employment in Washington increased by 1,300 between November 2021 and December 2021. Total construction employment is 231,400 statewide and 109,200 for Seattle/Bellevue/Everett specifically.

Source: Employment Security Department: WA Employment Estimates (Seasonally Adjusted), December 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:

King County

+32,500

Kitsap County

+3,400

Pierce County

+16,400

Snohomish County

+13,900

Source: Office of Financial Management

Icons made by Freepik from flaticon.com

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Builders

09/18/2018

Professional Women in Building Week 2018: Tradeswomen

By Luellen Smith, Rhino Wine Cellars & Cooling Systems, PWB Chair, MBAKS

Are women interested in careers in residential construction? Oh yes, we are! Construction offers competitive salaries, benefits, and more. Our MBAKS Professional Women in Building (PWB) Council is comprised of tradeswomen, builders, and associate members who advocate in support of women in trades. Today, we are highlighting a few of our tradeswomen members.

Terri Kartak is director of leadership development and community engagement for AAA Kartak Glass & Closet. Her award-winning company has expertly served customers in Western Washington for over 60 years. Terri is also the immediate past chair of our PWB Council.

Kimberley Martin is the owner of Cyneburg Scapes. The company creates woodscapes to attain the homeowner’s vision and allow them to enjoy the outdoors at home. Kimberley is actively involved on our PWB Executive Council.

I, Luellen Smith, own Rhino Wine Cellars & Cooling Systems with my husband. Our company designs and installs custom wine cellars and cooling systems for clients around the world. We strive to be the market leader in custom wine cellar design and enjoy turning our clients' wine cellar dreams into a reality. I am honored to be the PWB Council chair this year.

Please join with us in celebrating all PWB tradeswomen this week! We encourage you to share your story with us.

Learn more about PWB at mbaks.com/pwb. Share your story and get involved at facebook.com/groups/MBAKSPWB.

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