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King County recorded a 1.5 months' supply of housing inventory as of June 2023, indicating a slight increase from the 1.34 months' supply reported in June 2022. Similarly, Snohomish County saw its inventory supply rise to 1.07 months, up from 1.34 months a year earlier. These figures illuminate the ongoing challenges of supply and demand dynamics in the area's housing market. According to many industry analysts, a four- to six-month inventory level is often deemed indicative of a healthy real estate market. Despite the increase, the current supply falls notably short of this benchmark, underscoring the continued pressure on prospective homebuyers and the need for further market adjustments. Read the full August Builders Bulletin.

Read the full August Builders Bulletin:

Shannon, on-site at last weekend's team build in Renton, talks with Andy from Habitat for Humanity on affordable housing and the importance of being Built Green.

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This week, Nick Harper steps in for Shannon and talks to Clay White, LDC Inc., about the recently passed SB 5254 and what it will do for the housing industry.

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