Contact: data@mbaks.com

January Builders Bulletin: Housing Inventory in King and Snohomish Counties Remains Low

Despite Increase As of December 2024, the housing inventory in King County stood at 1.6 months’ supply, a slight increase from 1.4 months in December 2023. Similarly, Snohomish County experienced a rise in housing inventory, reaching 1.1 months’ supply, up from .9 months the previous year. While these numbers reflect a modest improvement, they remain well below the four- to six-month supply level that many industry analysts consider indicative of a healthy market.

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By MBAKS Senior Policy Analyst Allison Butcher

Single family permits are down 10 percent in the Seattle metro area the first 9 months of the year, compared to the same period last year. The single family permit decline is led by Snohomish County, which is down 25 percent, followed by Pierce County, which is down 14 percent. Within the three-county metro area, the only county to see a slight increase in single family permits through September 2018 was King County, where permits were up four percent.

Meanwhile, multifamily permits are up three percent throughout the metro area. While King County saw a nine percent decline in multifamily permits during the first three quarters of 2018, Snohomish County has experienced an 80 percent increase in multifamily permit activity, and Pierce County is up 35 percent.

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:

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

FOR IMMEDIATE RELEASE

MBAKS Gives Local Charity a Fresh Coat of Paint

KENT, WA—Since 2003, the Master Builders Association of King and Snohomish Counties (MBAKS) has painted hundreds of thousands of square feet for various service organizations through our Painting a Better Tomorrow (PBT) community stewardship program. PBT is a one-day event that brings MBAKS members and community volunteers together to paint a local service organization’s facility.

“Frequently, the first maintenance item to be removed off an operational budget is painting, so many of our recipients have gone years without this much-needed improvement,” stated MBAKS Interim Executive Director Jerry Hall. “The Painting a Better Tomorrow program allows us to give back to the community by helping create a welcoming space for the communities that they serve.”

This year MBAKS selected King County non-profit Valley Cities Behavioral Health Care as their 2022 partner. Valley Cities provides case management, vocational training, housing support, peer support, crisis support and a wide variety of other support services to meet the unique needs of each. Valley Cities serves more than 20,000 people each year through intensive behavioral health care, counseling, and support services.

"It's important to make our clients feel like our space is welcoming, soothing, and calming so they feel safe enough to access care,” said Kent Clinic Manager, Jessica Forshee. “That's exactly why we looked for programs and grants to create spaces of belonging."

Programs like these would not be possible without the help from our sponsors. Thank you to our signature sponsor ERNWest for their support throughout the years.

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.

About Valley Cities Behavioral Health Care

Established by community members of South King County in 1965, Valley Cities Behavioral Health Care has provided behavioral health care services to people of all ages for over 50 years. Through the ongoing support of the community, Valley Cities delivers compassionate care to over 20,000 individuals at 10 outpatient clinics, 2 inpatient detox centers, and 1 Cohen Military Family clinic. Valley Cities offers licensed mental health counseling and substance use disorder treatment; homeless outreach services and housing programs; and specialized services that deliver counseling and family support to veterans and their families. Throughout their long history, Valley Cities has remained focused on helping families and individuals by delivering a continuum of services designed to maximize client potential and success. Their work is founded on their unwavering belief in the resiliency and strength of the human spirit. That, with help, people can and do overcome the barriers and obstacles that confront them.

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