By MBAKS Senior Policy Analyst Allison Butcher

December 2019 permit numbers show the Seattle metro area ended the year with a modest 3% decline in single-family permits and a 5% drop in multifamily permits compared to 2018. The overall decline for the metro area was driven by King County, which ended the year with 14% fewer single-family permits. However, Snohomish County saw an 11% uptick in single-family permits, and Pierce County was up 3%. For multifamily permits, the year-end decline for the metro area was driven by Pierce County, which saw permits drop 43%. Meanwhile, multifamily permits rose 13% in Snohomish County and remained flat in King County.

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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Contact: data@mbaks.com

Builder Confidence Remains Low in August

Builder confidence in the housing market slipped to 32 nationally in August, an 18% decline from last year, according to the NAHB/Wells Fargo Housing Market Index. In the West, sentiment was even weaker, with an HMI reading of 26, underscoring the region’s ongoing affordability and housing challenges. 

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Juli Bacon is the founder and president of JB Consulting Systems. With more than two decades of human resource and business experience, she has developed both a strategic and practical approach to HR within the residential building industry. Bacon is also the immediate past National Professional Women in Building chair.

We appreciate Darylene Dennon and Juli Bacon for being such motivational leaders in our Professional Women in Building Council.

Learn more about PWB and get involved at mbaks.com/pwb or facebook.com/groups/MBAKSPWB