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

REX/T-REX Awards of the Master Builders Association Wins National Award

Bellevue, Wash., October 25, 2016—The Master Builders Association of King and Snohomish Counties (MBA) was recently honored with a national Council Award for Demonstrating Remodeling Excellence (CADRE) award, Public Relations and Promotion category, in recognition of their Remodeling Excellence (REX) and Trade Remodeling Excellence (T-REX) awards program. The CADREs are presented each year by the National Association of Home Builders (NAHB) Remodelers program.

The awards were announced October 6 during the annual NAHB Remodelers awards presentation at the 2016 Remodeling Show in Baltimore.

The MBA took home the honors in the public relations category of the CADREs for their work on their 30th anniversary Remodeling Excellence (REX) Awards event. Their efforts to improve the event resulted in an attendance increase of more than 100%, an 18% increase in award entry submissions, and triple the number of sponsorships from 2015.

The CADRE is the NAHB Remodelers' highest national award for work at the local level. To learn more about the REX/T-REX program, visit mbaks.com/rc

About the MBA

Founded in 1909, the Master Builders Association of King and Snohomish Counties (MBA) has grown to become the largest residential home builders association in the United States. With 2,800 member companies, the MBA is dedicated to membership value, government advocacy, financial stewardship, and promoting the residential building industry in the Puget Sound Region. The Association and its members address many of the concerns and issues affecting the residential housing industry. If you are looking to buy, build, remodel, or maintain your home, trust the MBA for industry professional referrals and practical information to get the job done. mbaks.com

ABOUT NAHB

The National Association of Home Builders, or NAHB, is a Washington-based trade association representing more than 140,000 members involved in home building, remodeling, multifamily construction, property management, subcontracting, design, housing finance, building product manufacturing and other aspects of residential and light commercial construction. NAHB is affiliated with 800 state and local home builders associations around the country. NAHB builder members will construct about 80% of the new housing units projected in 2016.

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By MBAKS Senior Policy Analyst Allison Butcher

Building permit data from the Census Bureau show 8,430 single-family permits and 16,764 multifamily permits issued in the Seattle metro area through November of last year. This represents an 8 percent decline in single-family permits and a 5 percent increase for multifamily permits compared to the same period in 2017. The release of building permit and other housing data was delayed as a result of the federal government shutdown.

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, State of the Cities Data Systems, Office of Financial Management and the Washington State Employment Security Department.

Download this month's report:

Contact: data@mbaks.com

Builder Confidence Dips as Industry Gauges Market Conditions

Builder confidence continues to falter, with the national Housing Market Index (HMI) falling to 32, a 29% drop year over year. Confidence in the Western U.S. remains especially low, with an HMI of just 22. The HMI, based on a monthly NAHB survey, reflects how builders view current and future conditions in the single-family housing market.

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