By MBAKS Senior Policy Analyst Allison Butcher

The unemployment rate for Seattle, Bellevue, and Everett jumped to 14.5% in April, reflecting major job losses due to COVID-19. Statewide, the construction industry lost 81,000 jobs between March and April, a 32.5% drop. Meanwhile, home prices have been holding steady, with year-over-year median home prices up in King and Snohomish counties amid continued low housing inventory.

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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A LEGACY OF BUILDING IN THE PUGET SOUND

Bellevue-based BDR Companies provides investment, development, and home construction in the Puget Sound area. With highly respected backgrounds in the residential development community, BDR executives have been recognized with major industry awards, including national Gold Nugget Awards for building excellence, Builder of the Year (twice), more than 100 industry-wide MAME Awards, and numerous Built Green recognitions.

Todd Bennett is the founder and president of BDR Companies. Prior to that, he was a principal in Bennett Homes for 30 years. In his current role, Todd puts together developer partnerships for BDR’s residential building projects. “Our partnerships mostly build homes. We have two groups: BDR Homes for homes priced under two million and BDR Fine Homes for homes priced over two million.”

MORE THAN 20 YEARS IN THE MBA HEALTH TRUST

Between Bennett Homes and BDR, Todd has been a member of the Master Builders Association of King and Snohomish Counties (MBA) for 34 years (once serving as President) and the MBA Health Trust for 21 years. “MBA’s health insurance is a big benefit for us,” says Todd. “We’ve used the Trust from the beginning. All of our employees are on our plan now. We’ve always been able to provide good coverage for them. And it’s affordable for us.”

SIGNIFICANT COST SAVINGS

The MBA Health Trust has provided Todd and his companies with consistently lower premiums. “We’ve looked at other health insurance providers, but we’ve never been able to get the same combination of cost savings plus benefits,” he says. “The MBA plan has consistently been 10-15 percent less cost, even with the big increases in health insurance premiums since the implementation of the Affordable Care Act.”

REGENCE BLUESHIELD “KEEPS IT SIMPLE”

Regence BlueShield is the MBA Health Trust’s insurance partner, and Todd has had good experiences with them over the years. “The Regence plan is flexible. So far, we haven’t had a hitch at all on who we can use and what’s covered—even with large medical issues. Regence has covered most everything so far and kept it simple.”

MBA MEMBER BENEFITS ALSO INCLUDE BUILDER ADVOCACY

In addition to the MBA Health Trust, Todd’s long membership in the MBA has helped his business in other ways. Todd says the MBA has a very strong government relations group. “A great benefit to MBA membership is the advocacy role the MBA plays,” he says. “We get a common voice in the industry. Local municipalities listen to the MBA. That’s a primary benefit from a builder standpoint. The MBA gives the builders more of a collective voice. It’s very powerful. The MBA has helped get code changes that benefit the home building industry adopted, for example.”

CITIES LISTEN, PROCESSES ARE EXPEDITED

Todd cites challenges with some cities and how the MBA interceded. “We were having slowdowns with building permits and the MBA got involved and arranged a meeting with city officials. This got the process moving forward quicker.”

Contact:
Stephanie Giralmo, Public Relations & Media Manager
Master Builders Association of King and Snohomish Counties
p 425.457.7067

FOR IMMEDIATE RELEASE

MBAKS Establishes Two NAHB Student Chapters as Part of Their Emerging Professionals Initiative

BELLEVUE, Wash., October 31, 2022—The Master Builders Association of King and Snohomish Counties (MBAKS) announced today the official establishment of two NAHB Student Chapters in partnership with Edmonds College Construction Management and Seattle College Wood Technology Center. MBAKS will be the first local home building association in Washington state to have active NAHB Student Chapters in 2022.

As part of the Emerging Professionals program, these student chapters will allow participants to become student members of MBAKS, which, in addition to other benefits, provides complimentary access to events and networking opportunities with local building professionals. This program will bring awareness to field-based education, training opportunities and address the urgent need for qualified trade professionals in our industry.

“These NAHB Student Chapters are integral, vital parts of our comprehensive, ground-breaking Emerging Professionals initiative,” said Colby Goodman, MBAKS Director of Membership and Councils. “Additionally, they serve as a testament to the commitment by MBAKS to a meaningful workforce development strategy and the future of the homebuilding trades.”

MBAKS is an active, contributing partner to the BIAW Workforce Development Task Force and is a pioneer, along with other Washington local home building associations, in addressing the need to foster talent for the future of the building industry. Currently, MBAKS has plans to establish two more NAHB Student Chapters with Sno-Isle TECH and Lake Washington Institute of Technology, with the expectation of formalization of those chapters by years’ end.

About MBAKS

Founded in 1909 and headquartered in Bellevue, Washington, the Master Builders Association of King and Snohomish Counties (MBAKS) is the nation’s oldest and largest local homebuilders’ association. Like our founders, our members continue to take a leading role in all facets of homebuilding and support the planning for a growing region. From new technology to advances in sustainability, from collaborative public policy efforts to investing in our communities, our commitment to a thriving, inclusive and well-planned region never wavers. We are the professional homebuilders, architects, remodelers, tradespeople (carpenters, framers, roofers, plumbers, electricians), planners and engineers, suppliers, manufacturers, and sales and marketing professionals in your community who believe everyone deserves access to a healthy and productive place to call home.

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