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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By MBAKS Senior Policy Analyst Allison Butcher

The Washington unemployment rate for August showed some improvement on a monthly basis, moving to 8.5%, compared to 10.2% the previous month. The Seattle/Bellevue/Everett unemployment rate fell from 8.2% in July to 7.4% in August. Twelve months ago the unemployment rate in Snohomish County was 3.0%, and 2.7% in King County. The August 2020 Monthly Employment Report marks the sixth month since the impacts of COVID-19 started showing up in the local labor market.

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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Contact:
Stephanie Giralmo, Public Relations & Media Manager
Master Builders Association of King and Snohomish Counties
p 425.457.7067

FOR IMMEDIATE RELEASE

MBAKS Establishes Two NAHB Student Chapters as Part of Their Emerging Professionals Initiative

BELLEVUE, Wash., October 31, 2022—The Master Builders Association of King and Snohomish Counties (MBAKS) announced today the official establishment of two NAHB Student Chapters in partnership with Edmonds College Construction Management and Seattle College Wood Technology Center. MBAKS will be the first local home building association in Washington state to have active NAHB Student Chapters in 2022.

As part of the Emerging Professionals program, these student chapters will allow participants to become student members of MBAKS, which, in addition to other benefits, provides complimentary access to events and networking opportunities with local building professionals. This program will bring awareness to field-based education, training opportunities and address the urgent need for qualified trade professionals in our industry.

“These NAHB Student Chapters are integral, vital parts of our comprehensive, ground-breaking Emerging Professionals initiative,” said Colby Goodman, MBAKS Director of Membership and Councils. “Additionally, they serve as a testament to the commitment by MBAKS to a meaningful workforce development strategy and the future of the homebuilding trades.”

MBAKS is an active, contributing partner to the BIAW Workforce Development Task Force and is a pioneer, along with other Washington local home building associations, in addressing the need to foster talent for the future of the building industry. Currently, MBAKS has plans to establish two more NAHB Student Chapters with Sno-Isle TECH and Lake Washington Institute of Technology, with the expectation of formalization of those chapters by years’ end.

About MBAKS

Founded in 1909 and headquartered in Bellevue, Washington, the Master Builders Association of King and Snohomish Counties (MBAKS) is the nation’s oldest and largest local homebuilders’ association. Like our founders, our members continue to take a leading role in all facets of homebuilding and support the planning for a growing region. From new technology to advances in sustainability, from collaborative public policy efforts to investing in our communities, our commitment to a thriving, inclusive and well-planned region never wavers. We are the professional homebuilders, architects, remodelers, tradespeople (carpenters, framers, roofers, plumbers, electricians), planners and engineers, suppliers, manufacturers, and sales and marketing professionals in your community who believe everyone deserves access to a healthy and productive place to call home.

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