By MBAKS Senior Policy Analyst Allison Butcher
The latest Builders Bulletin shows year-to-date permit activity through April fell 18% for single-family homes and 37% for multifamily homes in King County compared to the same period last year. Single-family permits were up 6% and multifamily permits up 60% in Snohomish County. Pierce County saw a 5% drop in multifamily permits and a 21% increase in single-family permits. Meanwhile, the May jobs report shows construction employment increased by 30,000 between April and May, reflecting a gain from the previous month’s significant job losses due to the construction shutdown.
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.
Download this month's report:
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