Contact: data@mbaks.com

The latest end-of-year numbers reveal a downturn in both single-family and multifamily homebuilding from 2022 to 2023. As of December 31, 2023, the number of single-family permits stands at 6,053, reflecting a year-on-year decline of 16% compared to 2022 figures. Similarly, multifamily permits have seen a substantial decrease, with 11,201 permits issued as of the same date, indicating a sharp year-on-year decline of 43%.

Read the full February Builders Bulletin:

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

$30,000 in Scholarship Funds Available to Students Enrolled in Residential Construction Programs

Deadline to Apply is April 30, 2018

BELLEVUE, Wash—April 23, 2018—Nearly 82 percent of construction businesses struggle to find qualified skilled labor, according to a 2017 survey conducted by the Master Builders Association of King and Snohomish Counties (MBAKS) and Redfin. This labor shortage, area companies say, is a factor in too few homes being constructed and contributes to higher home prices.

In an effort to develop skilled labor for the industry, bring more homes to market, and help ease the costs of housing, MBAKS is working to attract more high school and college students to exciting careers in the construction and trades industries through education programs and scholarships.

Each year, MBAKS offers $30,000 in scholarships to students who are seeking education related to the homebuilding industry and are enrolled at qualifying technical, community college, and university-level programs within Washington state. Students can apply at mbaks.com/scholarships.

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

Your association has created a new report called Builder's Bulletin that aggregates key housing statistics of interest to our industry, such as home price and permit data and supply of housing inventory. This report will be updated monthly and made available to members. 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.

Download this month's report: