By MBAKS Senior Policy Analyst Allison Butcher

Your association has created a new report called Builder's Bulletin that aggregates key housing statistics of interest to our industry, such as home price and permit data and supply of housing inventory. This report will be updated monthly and made available to members. 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, U.S. Census Bureau, Office of Financial Management and the Washington State Employment Security Department.

Download this month's report:

By Margo Greenman, 425 Business

With inventory down 25 percent, home values and rents both increasing, and more people moving to the region, the Master Builders Association of King and Snohomish Counties said the local housing market is struggling with a housing affordability crisis.

"Despite efforts to add more housing, including a rise in apartment home construction in the region, the demand for housing has significantly outpaced supply," Master Builders Association executive director Shannon Affholter said in a press release. "Lack of buildable land and other barriers to new home construction have contributed significantly to escalating housing costs and a housing supply shortage in King and Snohomish counties. Unfortunately, this is making it harder for families and workers to find attainable housing near job centers."

Twenty members of the MBAKS Board of Directors and staff leadership team convened late last week for a two-day retreat at the beautiful Salish Lodge & Spa near Snoqualmie Falls.  The proceedings were facilitated by Donna Franza, Senior Consultant (Advisory Services) at NAHB, who is based in Washington, DC and has deep experience with the Association and our work.

The first day of the retreat began with creating a common understanding of the current state of the Association and of what constitutes good governance.  The team then built awareness of their individual leadership styles, and considered how those can be best leveraged to create a highly functioning Board next year.

Meet the 2025 Board!

After enjoying some evening team building and dinner, the group spent the second day discussing the MBAKS Strategic Plan, the status of its implementation and the extent to which the Association's current structure and activities align with that Plan.

All-in-all, the team left the retreat in a much better place to make home happen, carrying forward MBAKS' Belief, Purpose and Values in the coming year and beyond!