By MBAKS Senior Policy Analyst Allison Butcher

The December edition of The Builder's Bulletin is now available. 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, U.S. Census Bureau, Office of Financial Management and the Washington State Employment Security Department.

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The Puget Sound region is a great place to live and work, as reflected in the fast pace of growth over the past decade. More people coming to the region means we need more people working in skilled trades—to build housing, commercial space, infrastructure, and transportation projects.

Recently, the Master Builders Association of King and Snohomish Counties (MBAKS) partnered with Redfin to conduct a survey of homebuilders. The survey showed 82% have had difficulty finding qualified workers in the past year. In the same survey, the greatest skilled labor needs reflected in the housing industry are framing, carpentry, superintendents, and program management.

Workforce development continues to be a top priority for the residential building community in our growing regional economy. MBAKS works with schools and communities to provide background and shine light on the opportunities available in the homebuilding industry.

By MBAKS Senior Policy Analyst Allison Butcher

The number of single family permits issued in 2018 in the Seattle metro area (King, Snohomish, and Pierce counties) fell 9 percent last year compared to 2017, while multifamily permits increased by 9 percent. These year-end numbers for the three-county region were driven by a decline in single family permits in Snohomish and Pierce counties, which saw 18 percent and 17 percent drops respectively. Likewise, Snohomish and Pierce counties’ multifamily permit numbers rose significantly in 2018 – by 71 percent in Snohomish County and 51 percent in Pierce County. Meanwhile, King County experienced a modest 2 percent increase in single family and a 2 percent drop in multifamily permits in 2018.

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: