By MBAKS Senior Policy Analyst Allison Butcher

April marked the second month in a row in King County and the third consecutive month in Snohomish County that the month’s supply of housing inventory was below two months. While this is below the four-to-six-month level—many industry analysts consider as an indicator of a healthy market—the year-over-year gain in inventory is significant.

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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FOR IMMEDIATE RELEASE
Media Contact:
Sharon Couts
Master Builders Association of King and Snohomish Counties
425.499.1723

Bellevue, Wash.—November 14, 2016—Seattle was recently named the “crane capital of America” by a Seattle Times article, with 58 cranes currently in operation, an increase of 38 percent in the past year. And these numbers don’t even include cranes located in Bellevue and elsewhere in the Puget Sound area. With more cranes, more possibilities exist for accidents. That is why, beginning in February 2017, the Master Builders Association of King and Snohomish Counties (MBA) and Buildsafe Solutions will be offering free two-day Qualified Signal Person Certification for Mobile Cranes classes. The classes are made available in thanks to a $127,688 grant from State of Washington Department of Labor and Industries’ Safe and Health Investment Projects (SHIP) program.

“We are excited about receiving this grant,” said Shannon Affholter, executive director of the MBA. “Construction site accidents have a huge impact on the construction industry, families, and for anyone affected. We want to prevent accidents. These safety classes teach us how to run equipment properly and keep everyone safe.”

The trainings are free to employers and employees in the construction industry and provide 16 clock hours as well as crane certification. Topics will include crane management, high risks, crane foundations, load charts, range diagrams, crane dynamics, rigging oversight, and signaling, and will provide for a mobile crane signaling protocol and certifications required by the Washington State Department of Labor and Industries.

About the MBA

Founded in 1909, the Master Builders Association of King and Snohomish Counties (MBA) has grown to become the largest residential home builders association in the United States. With 2,800 member companies, the MBA is dedicated to membership value, government advocacy, financial stewardship, and promoting the residential building industry in the Puget Sound Region. The Association and its members address many of the concerns and issues affecting the residential housing industry. If you are looking to buy, build, remodel, or maintain your home, trust the MBA for industry professional referrals and practical information to get the job done. mbaks.com

ABOUT THE SHIP PROGRAM

The goal of the SHIP program is to identify, fund, and assist with the implementation of safety and health projects designed to eliminate workplace injuries, illnesses, and fatalities, because one injury, one illness, one fatality, is one too many.

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Contact: data@mbaks.com

The latest end-of-year numbers reveal a downturn in both single-family and multifamily homebuilding from 2022 to 2023. As of December 31, 2023, the number of single-family permits stands at 6,053, reflecting a year-on-year decline of 16% compared to 2022 figures. Similarly, multifamily permits have seen a substantial decrease, with 11,201 permits issued as of the same date, indicating a sharp year-on-year decline of 43%.

Read the full February Builders Bulletin: