By MBAKS Senior Policy Analyst Allison Butcher

The number of multifamily permits pulled in King, Snohomish, and Pierce counties rose 53 percent during the first quarter of 2017, compared to the same period last year. Single-family permits declined 8 percent. Meanwhile, King and Snohomish counties continue to see less than a months’ supply of housing inventory for sale during April. The low supply coupled with strong demand has continued to drive home prices up.

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, U.S. Census Bureau, Office of Financial Management and the Washington State Employment Security Department.

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Contact: data@mbaks.com

Housing Production Slows Across the Seattle Metro Area

Building activity across the Seattle metro has cooled this year. As of August, 4,390 single-family homes and 4,770 multifamily units have been permitted—representing year-over-year declines of 5% and 26%. In Seattle, 406 single-family and 1,700 multifamily permits have been issued to date.

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This week, we visited Dunn Lumber, where we talked to Jim Coshow about Dunn's giving philosophy and involvement with Rampathon.

Thank you to Dunn Lumber for making Rampathon possible!