By MBAKS Senior Policy Analyst Allison Butcher

Seattle Metro Area Sees Uptick in Single Family Permits in 2016

King County ended 2016 with a 7 percent increase in single-family permit activity compared to 2015 and a 7 percent decline in multifamily permits, according to U.S. Census Bureau data. Meanwhile, Snohomish County saw a 13 percent increase in single family permits and a 2 percent increase in multifamily permits at year's end. Both counties continued to have less than one month's supply of housing inventory for sale during January 2017.

The Builders' 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

October Builders Bulletin: Median sales prices remain flat

The September median sales price for single-family homes and condos held steady year-over-year at $850,000 in King County and $720,000 in Snohomish County, as reported by the Northwest Multiple Listing Service. Meanwhile, the inventory of homes for sale continued to move higher last month. In August, Seattle’s unemployment rate lowered to 4.9%, down from 5.1% the previous month.

MBAKS has released a new middle housing issue brief to support successful implementation of House Bill 1110. The new brief, Middle Housing Implementation Plan, contains process and model code recommendations for cities subject to HB 1110, as well as tools and resources related to middle housing.

MBAKS’ overarching suggestion for cities implementing middle housing is to keep it simple. The easier and more cost-effective it is to build middle housing, the more likely it is to be built, and the more attainable it will be for those looking for a place to call home. The recommendations in the issue brief were informed by the work of MBAKS’ Ad Hoc Middle Housing Advisory Group and are designed to streamline the review process and facilitate more housing choices.

Allowing more middle housing will enable cities to better plan for a spectrum of housing choices so that current residents, newcomers, and future generations may find a home that best fits their lives. View Middle Housing Implementation Plan.