Contact: data@mbaks.com

Washington’s unemployment rate fell to 3.6% in September 2023, lower than the national average of 4.2%. The Seattle/Bellevue/Everett area with an unemployment rate of 3.2%. The construction industry added 3,400 jobs in a year, reaching a total of 240,300 statewide.

Read the full November Builders Bulletin:

Contact: data@mbaks.com

King County recorded a 1.5 months' supply of housing inventory as of June 2023, indicating a slight increase from the 1.34 months' supply reported in June 2022. Similarly, Snohomish County saw its inventory supply rise to 1.07 months, up from 1.34 months a year earlier. These figures illuminate the ongoing challenges of supply and demand dynamics in the area's housing market. According to many industry analysts, a four- to six-month inventory level is often deemed indicative of a healthy real estate market. Despite the increase, the current supply falls notably short of this benchmark, underscoring the continued pressure on prospective homebuyers and the need for further market adjustments. Read the full August Builders Bulletin.

Read the full August Builders Bulletin:

This week, Shannon talks to MBAKS Product Manager Kevin McDaniel about enrolling in GRIP and this year's GRIP refund—our largest ever.

Enroll by June 15