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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Shannon talks to new MBA member Jeff Bumgardner of CityBldr about the benefits and opportunities that come with MBA membership.

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By MBAKS Senior Policy Analyst Allison Butcher

The latest Builder’s Bulletin includes annual population estimates recently released by the Office of Financial Management (OFM). According to OFM, the Puget Sound Region’s population as of April 1, 2018 was 4,134,660. Over the past year, the region added 67,860 people, which is down from last year but still strong.

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

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