By MBAKS Senior Policy Analyst Allison Butcher

Single family permits in the Seattle metro area were down 14% and multifamily permits down 6% through the end of May, compared to the same period last year. Meanwhile, the supply of homes for sale continues to be very low—just 1.77 months in King County and 1.49 months in Snohomish County during June. These are just some of the housing statistics you’ll find reported on in the latest Builders Bulletin.

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.

Download this month's report:

By MBAKS Senior Policy Analyst Allison Butcher

Housing Inventory Still Well Below Healthy Levels

Despite a modest increase in housing inventory for sale in King and Snohomish counties during September—reaching the highest levels seen all year with 1.13 and 1.26 months’ supply of inventory respectively—these figures are still well below the four-to-six month range that many industry analysts consider to be an indicator of a healthy market. The continued high demand and low supply is driving year-over-year price hikes of more than 14 percent in both counties.

The Builders’ 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:

Last week's Crab Feed set the stage for a brief discussion on the association's many impactful victories within Snohomish County. Featuring Mike Pattison.

More about our advocacy efforts