Shannon Affholter is the executive director of the Master Builders Association of King and Snohomish Counties, the largest and oldest local homebuilders association in the nation. Previously, he was the vice president of business and economic development for Economic Alliance Snohomish County. While there, he advanced strategic growth plans, advocated on behalf of business and fostered economic development in the region. He also was elected to serve two terms on the Everett City Council.

Prior to his tenure at Economic Alliance Snohomish County, Affholter was a business development executive at the regional accounting firm of Moss Adams and an account executive with Merck. He holds an MBA from Western Washington University and a Bachelor of Business Administration from Pacific Lutheran University. In The Money Hour segment today, Shannon talks about how the demand for housing has significantly outpaced residential housing supply.

By Bellevue Reporter

The Puget Sound region is in a housing crisis. As the region's economy grows, so does the number of workers and families moving into the area looking for a home. Skyrocketing home prices, spiraling rents, and the shortage of affordable housing create news headlines every day.

By MBAKS Senior Policy Analyst Allison Butcher

The median price of single-family homes and condos rose to $679,075 in King County and $576,050 in Snohomish County in February, data from the Northwest Multiple Listing Service show. Home prices are rising amid continued strong demand and low supply of homes for sale. King County had less than a months’ supply of homes for sale in February, while Snohomish County had less than two weeks’ supply.

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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