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March 2026 Builders Bulletin: Building Permits Slowed in 2025

The March Builders Bulletin features recently released permit data for the Seattle metropolitan area through December 2025. Our three-county metro area (King, Snohomish, and Pierce counties) ended the year with 12% fewer total permits issued than the previous year. This figure reflects a 5% decline in single family permits and a 16% drop in multifamily permits.

Despite the regional slowdown, King County saw a modest bump in single family permits in 2025 while Pierce County experienced an increase in multifamily permits. See the Building Permits section for a complete breakdown by county.

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This week, new member Nils Christian, METIS Construction Inc., tells us how his company takes advantage of member benefits like GRIP and the MBA Health Trust.

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Contact: data@mbaks.com

While our local inventory is rising, we are still the lowest in Washington State, with the state average at 2.17. Months of inventory in June 2024 were Snohomish (1.37), King (1.94), and Pierce (2.00). As the inventory grows, it is evident that mortgage rates are a large player in affordability regarding housing market worries.

Read the full July Builders Bulletin: