By MBAKS Senior Policy Analyst Allison Butcher

The near-record-low 2.6% unemployment rate for Seattle/Bellevue/Everett seen in February rose to 5.5% in March, according to the latest monthly employment report, which shows the first wave of job losses from the COVID-19 pandemic. The Employment Security Department notes the impacts on jobs are more likely to be evident in the April report. Meanwhile, housing indicators from the latest Builders Bulletin do not yet reflect the impact of coronavirus on real estate and new home construction. The report shows year-over-year median home price increases in March and rising permits in February.

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.

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Help Resolve this Crisis by Contacting your Senators Today

Tariffs on imported Canadian softwood lumber are contributing to increased production costs and harming home buyers. With lumber prices running well above $500 per thousand board feet in July, we need a solution to protect the home building industry and consumers.

Tell your senators to NEGOTIATE NOW to reach a lumber trade solution.

Share this video and send a message now asking your senators to sign onto a bipartisan letter urging the administration to reach a lumber trade solution with Canada.

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This week, Leah Missik, Built Green program manager, shares the results of the latest Built Green® white paper, featuring a two-year analysis of Dwell Development's Emerald Star home.

Check out the study