By MBAKS Senior Policy Analyst Allison Butcher

Data from the Northwest Multiple Listing Service show the month’s supply of housing inventory for sale continuing to decline in King and Snohomish counties. In November, King County had 0.93 months’ supply of inventory, down from 0.99 the previous month, and 1.39 months’ of inventory a year ago. Even more concerning, Snohomish County had just 0.38 months’ supply of inventory in November, down from 0.49 the prior month and 1.27 a year ago.

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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Painting a Better Tomorrow is a one-day experience unlike any other. Join us Nov. 10 to help us paint and change someone’s life forever—maybe even your own.

Few things feel better than closing the books on a successful project. Especially one fueled by kindness and compassion.

Whatever your designation in the world of residential homebuilding, you have a calling. Sometimes that calling extends beyond the job site or office. Because, at the end of the day, our collective job is to provide housing for the millions of people who make the Puget Sound region home.

Shoreline Veterans Center

We are the lucky ones. We get to give people a place they can call their very own. Sometimes this space is temporary or shared with others. But it doesn’t make it any less theirs. Take the folks who reside at the Shoreline Veterans Center, a Compass Housing Alliance property. The center is a 25-bed facility for honorably discharged homeless veterans who seek rehabilitation from drug, alcohol, or other issues. The goal of the center and its internal program is to help residents resolve their issues and learn to live on their own as contributing citizens to their communities. Upon graduation from the two-year program, veterans are then moved into their own apartment, but return to the center for ongoing counseling.

This year, MBAKS is proud to partner with the Veterans Center for Painting a Better Tomorrow 2018. Painting a Better Tomorrow, or PBT, is an annual one-day service event where association members and community volunteers add fresh paint to the walls and surfaces of a local nonprofit organization. This is where you come in. Even if you’re not a painter by trade, we want you to volunteer! There are plenty of tasks to keep you busy throughout the day and we can all but guarantee that you’ll have a fantastic time helping out a few of our well-deserving neighbors in need.

Volunteer—Just Do It!

Pull together a team of co-workers, friends, or family—or come as an individual and make some new friends and memories! MBAKS provides all the supplies for the event, including breakfast snacks and lunch, as well as our ever-popular, totally stylish PBT t-shirt so you look good while doing good. When you close the books on this project, your life, and those of the Shoreline Veterans Center, will be forever brighter.

Contact Michell Filleau-Maas, 425.460.8232, today, right now, to volunteer.

Step Up With Sponsorship

Over the years, we've painted hundreds of thousands of square feet of service organizations' walls. That wouldn't be possible without the help of our generous sponsors. If your company is interested in sponsoring a fresh coat of paint for the Veterans Center this year, contact Business Development Manager Ty Coleman, 425.278.0222 by October 10.

Photo courtesy Alabastro Photography

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.”