Thirty Master Builders Association of King and Snohomish Counites (MBAKS) members and government affairs staff traveled to the State Capitol on Wednesday, January 24 to advocate for housing on our annual Hill Day.

This was MBAKS’ first in-person Hill Day in Olympia since 2020, having gone virtual the past three years. MBAKS met with 31 legislators whose districts include parts of King and Snohomish counties.

“Hill Day is an excellent opportunity engage in direct dialogue with state lawmakers on our issues and build meaningful connections,” said Dylan Sluder, MBAKS’ state government affairs manager.

Members highlighted our association’s support for several pro-housing bills under consideration in the Washington State Legislature, including lot-splitting, parking flexibility, the Washington Housing Accountability Act, co-living housing, rural accessory dwelling units, Wildland Urban Interface (WUI) reform, and more.

Read MBAKS’ Core Issues to learn more about the bills members highlighted in conversations with legislators.

MBAKS also expressed our strong concerns with a bill that would ban natural gas. The bill, HB 1589, passed the House earlier in the week in a 52-44-2 vote and is now pending before the Senate.

Sluder added, “Thanks to everyone who participated and helped make the day a success! Having legislators hear from our members about why these issues matter really does make a difference.”

FOR IMMEDIATE RELEASE
Media Contact:
Sharon Couts
Master Builders Association of King and Snohomish Counties
425.499.1723

Local Remodeling Companies Win Big at Master Builders Association’s Biggest REX/T-REX Awards

BELLEVUE, Wash.—May 7, 2018—On Saturday, local remodeling companies gathered at the Seattle Design Center to celebrate their craftsmanship and talents at the annual Remodeling/Trade Remodeling Excellence (REX/T-REX) Awards, produced by the Remodelers Council of Master Builders Association of King and Snohomish Counties. Overall, 87 entries were submitted, the highest number in the 32-year history of the event. Entries were judged by independent remodeling professionals who chose winners based on the following six criteria:

1. Aesthetics—Is the project visually appealing?
2. Special or unique design solutions—Does the project reflect optimal space planning and livability?
3. Quality workmanship—Does the project exhibit special crafting or exceptional features?
4. Use of appropriate building material—Does the project complement existing structure and design?
5. Budgetary consideration—How did the remodeler successfully utilize solutions to budgetary constraints?
6. Challenges and obstacles—Did the remodeler overcome unique challenges in completing the project?

Here are the 2018 winners (Additional photos available upon request):

About the Master Builders Association of King and Snohomish Counties

Founded in 1909, the Master Builders Association of King and Snohomish Counties has grown to become the largest residential homebuilders association in the United States. With nearly 3,000 member companies, the association is dedicated to membership value, housing advocacy, community service, and financial stewardship throughout the Puget Sound region.

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Homing in on Our Region's Housing Statistics

Though not quite a record low, housing supply is still far from healthy in the Puget Sound region. Year over year, months of supply dropped 42% to 0.57 and 27% to 0.36 in King and Snohomish counties, respectively.

The East of Lake Sammamish MLS map area had the lowest months of inventory for King County, at 0.16; Belltown/Downtown had the highest, at 2.41. King County condo supply was higher, at 0.94 months of supply, than single-family housing supply, at 0.47.

The Southwest Snohomish County MLS map area had the lowest months of inventory for Snohomish County, at 0.25, and Northeast Snohomish County had the highest, at 0.49. Snohomish County condo supply was lower, at 0.24 months of supply, than single-family housing supply, at 0.39. 

Please contact data@mbaks.com with questions or feedback. We want to know what data would be useful to you!

Months' Supply of Housing Inventory

As of October 2021

	King County had 0.57 months' supply of inventory (down from 0.99 months' of inventory a year ago).
	Snohomish County had 0.36 months' supply of inventory (down from 0.49 a year ago).

Many industry analysts consider a four-to-six-month level as an indicator of a healthy market.

Source: Northwest Multiple Listing Service

Median Home Price

October 2021

	The median price of single-family homes and condos was $750,000 in King County and $664,950 in Snohomish County.
	For single-family homes only, the median price in King County rose 10.64%, from $745,000 a year ago to $824,270. The median price in Snohomish County rose 19.83%, from $579,972 to $695,000.
	In Seattle, the median price of single-family homes and condos was $790,000. The median price for single-family homes only was $850,000, a 6.25% increase from $800,000 in October 2020.

Source: Northwest Multiple Listing Service

Building Permit Activity

Jobs

	The seasonally adjusted Washington unemployment rate for October 2021 is 5.0%; for Seattle/Bellevue/Everett, it is 4.9%.
	Construction employment in Washington decreased by 800 between September 2021 and October 2021. Total construction employment is 228,100 statewide and 109,600 for Seattle/Bellevue/Everett specifically.

Source: Employment Security Department: WA Employment Estimates (Seasonally Adjusted), October 2021 and Bureau of Labor Statistics.

Population

The Puget Sound region's population as of April 1, 2021 was 4,330,400. Over the past year, the region added 66,200 people, as follows:

Source: Office of Financial Management

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