This weekend, Shannon took a moment to talk to our president, Joseph Irons of Irons Brothers Construction, at the Membership Appreciation Picnic at Remlinger Farms.

See more of our member benefits

Homing in on Our Region's Housing Statistics

Despite headlines about a housing market cooldown and home prices dipping slightly compared to last month, median housing prices continue to rise year over year, with an 8.03% rise and a 22.29% rise in King and Snohomish counties, respectively, for combined single family and condo sales. Likewise, for-sale housing supply continues to drop, with both King and Snohomish counties—and much of the state—more accurately described as having weeks of supply, not months. Year over year, months of supply dropped 59% in King County and 37% in Snohomish County. There is at least some relief on the horizon, however, as year to date residential building permit activity is up 30% in our two-county region.

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 November 2021

	King County had 0.38 months' supply of inventory (down from 0.93 months' of inventory a year ago).
	Snohomish County had 0.24 months' supply of inventory (down from 0.38 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

November 2021

	The median price of single-family homes and condos was $740,000 in King County and $658,505 in Snohomish County.
	For single-family homes only, the median price in King County rose 12.25%, from $730,500 a year ago to $820,000. The median price in Snohomish County rose 22.79%, from $566,000 to $695,000.
	In Seattle, the median price of single-family homes and condos was $765,000. The median price for single-family homes only was $850,000, a 3.66% increase from $820,000 in November 2020.

Source: Northwest Multiple Listing Service

Building Permit Activity

Jobs

	The seasonally adjusted Washington unemployment rate for November 2021 is 4.7%; for Seattle/Bellevue/Everett, it is 4.4%.
	Construction employment in Washington increased by 1,800 between October 2021 and November 2021. Total construction employment is 229,400 statewide and 110,200 for Seattle/Bellevue/Everett specifically.

Source: Employment Security Department: WA Employment Estimates (Seasonally Adjusted), November 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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FOR IMMEDIATE RELEASE
Media Contact:
Nona Raybern, Public Relations & Media Manager
Master Builders Association of King and Snohomish Counties
p 425.457.7067
m 425.208.6308

Master Builders Association Announces 2020 Award Winners

BELLEVUE, Wash.—December 18, 2020—The Master Builders Association of King and Snohomish Counties (MBAKS) announced its 2020 winners at their annual end of year awards gala on Thursday, December 17. This year’s gala was held virtually due to the COVID-19 pandemic, featuring skits, year-end retrospectives, and an awards show.

Each year, MBAKS recognizes members in eight different categories: Spirit of Service, Emerging Leader, Built Green Moving the Market, Associate of the Year, Remodeler of the Year, Builder of the Year, Exceptional Service, and the MBAKS Hall of Fame Award. Winners are decided through an open member nomination and awards committee process.

Here are 2020’s winners:

Joe Reed, Home Run Solutions, Mill Creek, WA

Spirit of Service Award

The Spirit of Service award exemplifies members who go above and beyond to give back to the communities where they do business.

Joe Reed dedicated extra time and effort in our 2019 Rampathon event to find solutions for a mobility ramp that faced extra permitting challenges. Thanks to his efforts, a family now has the ramp they need and solved a critical mobility concern.

Leann McNabb, CW Title and Escrow, Bellevue, WA

Emerging Leader Award

The Emerging Leader award is dedicated to those in the housing industry who are forward thinkers and a demonstrate a willingness to be involved at a higher level.

Leann McNabb served as 2019 chair of the MBAKS Professional Women in Building chapter and continues to dedicate her time to the uplifting of women in the housing community. She is one of the youngest women to serve as PWB Chair in MBAKS’ history.

Ted Clifton, TC Legend Homes, Bellingham, WA

Built Green Moving the Market Award

TC Legend Homes was granted the 20,000th certification of Built Green, the MBAKS green building program. For this reason, Ted Clifton and TC Legend Homes have won the Moving the Market award.

Their progressive work in green building, including making their IP public for other builders, makes them well deserving of this prestigious distinction.

Clay White, LDC Inc., Woodinville, WA

2020 Associate of the Year

The Associate of the Year award is dedicated to non-builder MBAKS members who have made an impact on the association and its work.

Clay White has served as an MBAKS board member for the last two years, currently serves on the MBAKS Housing Policy Committee, and actively dedicates time to MBAKS Hill Day, where our members and staff meet with legislators to advance housing legislation in the Puget Sound. In 2017, he was a key presenter at our Housing Summit and spoke on addressing the housing crisis in our region.

Ron Palmer, Palmer Residential, Seattle, WA

2020 Remodeler of the Year

The Remodeler of the Year award is presented to leaders in the remodeling industry, who display an exemplary talent in their work.

A long-standing Remodelers Excellence (REX) winner, Ron Palmer shows an exemplary ability for creating new spaces and incorporating progressive design elements. Founded in 2007, his company’s core values include pride in the connections their build with clients, communication, and craftsmanship. Not only dedicated to delivering an exceptional project for their clients, he is also passionate about advocating for the building industry through his support of the Affordable Housing Council.

Trevor Johnson, Blackwood Builders, Lynnwood, WA

2020 Builder of the Year

The Builder of the Year award doesn’t just go to members with exceptional building capabilities, but to those members who go beyond and are leaders within the industry.

Trevor Johnson dedicates time throughout the association and its many facets, exemplifying our core mission and values, from chairing the Affordable Housing Council in 2020, advocating with elected officials to create much-needed housing in our region, and his extensive participation in community stewardship projects with WELD Seattle, New Beginnings, Seattle Children’s Hospital, Dwellings, and more.

Erich Armbruster, Ashworth Homes, Shoreline, WA

Exceptional Service Award

The Exceptional Service award is the highest recognition award for members and staff for their many years of professional leadership and/or exemplary service to MBAKS.

Erich Armbruster is an exquisitely experienced leader in the housing industry and the association. His achievements are long—years of service on the MBAKS board of directors, including as President in 2018, as well as serving in the Building Industry Association of Washington (BIAW). He has been a consistent voice for engaging with our regional partners to provide a better future for our region’s residents, ushering in an era at MBAKS that saw a higher engagement with pro-housing legislators. He is an irreplaceable asset for the building community in Washington state and beyond.

Joe Reed, Home Run Solutions, Mill Creek, WA

MBAKS Hall of Fame

The purpose of the MBAKS Hall of Fame award is to honor people who have made significant and lasting contributions to our association.

Over the course of his impressive career, Gary Young has made a significant impact on the local homebuilding industry. His commitment not only to the industry, but also to the people that make up this industry, is unmatched. He has been a member of the Affordable Housing Council since 2000, served as a trustee for Rainier Scholars, a nonprofit that offers a pathway to college for low-income students of color by providing access to transformative educational opportunities, played a key role in condo reform in Washington state, and has a strong focus in sustainable building efforts through Built Green.

For more information on this release or for higher resolution photos, contact Nona Raybern at pr@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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