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:

Contact: data@mbaks.com

Builder Confidence Dips as Industry Gauges Market Conditions

Builder confidence continues to falter, with the national Housing Market Index (HMI) falling to 32, a 29% drop year over year. Confidence in the Western U.S. remains especially low, with an HMI of just 22. The HMI, based on a monthly NAHB survey, reflects how builders view current and future conditions in the single-family housing market.

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By MBAKS Senior Policy Analyst Allison Butcher

Home Prices Continue Upward Climb

Median single family home prices surged nearly 14 percent in King and Snohomish counties in June compared to a year ago, according to the Northwest Multiple Listing Service (MLS). The median price was $653,000 in King County and $450,000 in Snohomish County. In Seattle the median single family home price rose 12.53 percent to $750,000.  Meanwhile, with 0.84 months’ supply of housing inventory, King County continued to have the tightest inventory of the 23 counties in the Northwest MLS market area. 

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: