By MBAKS Senior Policy Analyst Allison Butcher

The supply of housing inventory for sale in July remained very low in the Seattle market, with 1.13 months’ supply in King County and just 0.73 months’ supply in Snohomish County, according to the Northwest Multiple Listing Service. Meanwhile, single-family permits in the Seattle metro area (including King, Snohomish, and Pierce counties) were down 7% and multifamily permits down by 11% in June, compared to the same period last year.

The Office of Financial Management’s (OFM) annual population projections have been released, showing strong continued growth in Washington. The 2020 estimates indicate Washington’s population grew to more than 7.6 million people as of April 1. The Puget Sound region’s population, including King, Snohomish, Pierce, and Kitsap counties, grew by more than 60,800. According to OFM, most of the population change occurred before the COVID-19 crisis.

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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Twenty members of the MBAKS Board of Directors and staff leadership team convened late last week for a two-day retreat at the beautiful Salish Lodge & Spa near Snoqualmie Falls.  The proceedings were facilitated by Donna Franza, Senior Consultant (Advisory Services) at NAHB, who is based in Washington, DC and has deep experience with the Association and our work.

The first day of the retreat began with creating a common understanding of the current state of the Association and of what constitutes good governance.  The team then built awareness of their individual leadership styles, and considered how those can be best leveraged to create a highly functioning Board next year.

Meet the 2025 Board!

After enjoying some evening team building and dinner, the group spent the second day discussing the MBAKS Strategic Plan, the status of its implementation and the extent to which the Association's current structure and activities align with that Plan.

All-in-all, the team left the retreat in a much better place to make home happen, carrying forward MBAKS' Belief, Purpose and Values in the coming year and beyond!

This week, Melissa Irons of Irons Brothers Construction shares her experience and savings with the MBA's newest member benefit, the MBA Finance Hub.

See how much you can save