The Rolls-Royce and the Ferrari parked in front of a real estate sales office in Seattle's Belltown neighborhood Wednesday night were the first indication that this was no normal "house party."

The line of blue-jacketed valets, the red carpet and rope line, the doorman with a list of registered guests, the wine bar, the gourmet hors d'oeuvres, the black-tie-wearing servers, the mini pop-up shop for custom-tailored men's suits—all of that was a pretty good signal, too.

A decidedly less stereotypical Seattle—sans the hiking and rain gear that usually defines us to the world—actually dressed up and turned out to mingle and tour a mock floor plan for a luxury condominium development called Nexus.

By MBAKS Senior Policy Analyst Allison Butcher

The supply of housing inventory for sale stood at 1.74 months in King County and 1.47 months in Snohomish County in August, which is down slightly from a year ago.  Meanwhile, single-family building permits were down 8% YTD and multifamily permits down 5% in the three-county Seattle Metro Area (King, Snohomish, and Pierce counties) as of July, compared to the same period last year. 

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:

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

REX/T-REX Awards of the Master Builders Association Wins National Award

Bellevue, Wash., October 25, 2016—The Master Builders Association of King and Snohomish Counties (MBA) was recently honored with a national Council Award for Demonstrating Remodeling Excellence (CADRE) award, Public Relations and Promotion category, in recognition of their Remodeling Excellence (REX) and Trade Remodeling Excellence (T-REX) awards program. The CADREs are presented each year by the National Association of Home Builders (NAHB) Remodelers program.

The awards were announced October 6 during the annual NAHB Remodelers awards presentation at the 2016 Remodeling Show in Baltimore.

The MBA took home the honors in the public relations category of the CADREs for their work on their 30th anniversary Remodeling Excellence (REX) Awards event. Their efforts to improve the event resulted in an attendance increase of more than 100%, an 18% increase in award entry submissions, and triple the number of sponsorships from 2015.

The CADRE is the NAHB Remodelers' highest national award for work at the local level. To learn more about the REX/T-REX program, visit mbaks.com/rc

About the MBA

Founded in 1909, the Master Builders Association of King and Snohomish Counties (MBA) has grown to become the largest residential home builders association in the United States. With 2,800 member companies, the MBA is dedicated to membership value, government advocacy, financial stewardship, and promoting the residential building industry in the Puget Sound Region. The Association and its members address many of the concerns and issues affecting the residential housing industry. If you are looking to buy, build, remodel, or maintain your home, trust the MBA for industry professional referrals and practical information to get the job done. mbaks.com

ABOUT NAHB

The National Association of Home Builders, or NAHB, is a Washington-based trade association representing more than 140,000 members involved in home building, remodeling, multifamily construction, property management, subcontracting, design, housing finance, building product manufacturing and other aspects of residential and light commercial construction. NAHB is affiliated with 800 state and local home builders associations around the country. NAHB builder members will construct about 80% of the new housing units projected in 2016.

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