By MBAKS Senior Policy Analyst Allison Butcher

Housing data contained in the latest Builders Bulletin show single-family and multifamily permits are down in the three-county Puget Sound region through February 2019, compared to the first two months of 2018. Single-family permits fell 25% and multifamily permits were down 7%. The notable exceptions are multifamily permit activity in Snohomish and Pierce counties, which rose 79% and 25%, respectively. Multifamily permits fell 24% in King County, causing the regionwide total to go negative. Meanwhile, the month’s supply of housing inventory is below two months in both King and Snohomish counties as of March.

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.

Download this month's report:

Contact: data@mbaks.com

In July 2024, Washington’s unemployment rate stood at 4.9%, with the Seattle/Bellevue/Everett area slightly lower at 4.4%. The construction sector faced a significant downturn, losing 14,100 jobs over the past year, bringing total statewide construction employment to 227,400. This decline highlights ongoing challenges in the industry despite overall employment stability.

Read the full August Builders Bulletin:

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Master Builders Association of King and Snohomish Counties
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Master Builders Association Inducts Todd Levitt as President

BELLEVUE, Wash—January 11, 2021—The Master Builders Association of King and Snohomish Counties (MBAKS) inducted Todd Levitt as its 2021 president of the board of directors during a virtual passing of the gavel ceremony in December 2020.

Levitt brings an extensive background in homebuilding to his role as MBAKS president. He has worked for more than 19 years across four western states on the land side of homebuilding—13 years as vice president of land at Pulte Homes and six years at Murray Franklyn as director of entitlements and government affairs. Levitt received his bachelor's in marine engineering from the United States Merchant Marine Academy and his master's in finance from California State University, Los Angeles.

Levitt set the 2021 MBAKS agenda as one of service: to the communities that homebuilders work in, to the jurisdictions that make housing policy possible, and to the association’s members and staff.

“Service is something I am very passionate about that is engrained within me,” says Levitt. “If we can serve our jurisdictions in a way that helps them be more successful with their councils, staff, and residents, this should only help us in accomplishing our goals in delivering more housing that is desperately needed in our very fast-growing region.”

Over the last four years, Levitt has performed as the service chair for his son’s Boy Scout troop, where he has organized community events like canned food drives, trail clean-ups, and Santa Scouts, a program that generates food, clothing, and games for underserved children. He also has dedicated time and resources to Habitat for Humanity and helped Doxa Housing build homes in Mexico, as well as participating in MBAKS’ Rampathon, where accessibility ramps are built for those in critical need.

The newly inducted 2021 board of directors is rounded out with First Vice President Cameron McKinnon (Gamut360 Holdings), Second Vice President Traci Tenhulzen (Tenhulzen Residential), Secretary Luellen Smith (Rhino Wine Cellars & Cooling Systems), and Immediate Past President Brian Holtzclaw (Village Life).

 

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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, thriving, and inclusive region.