By Aaron Kunkler, Redmond Reporter

Willows and Rose Hill neighborhoods expanded following last week’s Redmond City Council meeting, when 54 acres of unincorporated King County were annexed into the city.

The area annexed is located along 132nd Avenue Northeast, is flanked to the west by the City of Kirkland, and is surrounded on the other three sides by Redmond.

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By Nick Harper, MBA Senior Director of Strategy and Policy

Dec. 19, 2016—Earlier this month, the Master Builders Association recognized several individuals for their contributions to the Association at our annual Winter Gala and Installation of Officers. The event took place Dec. 8 at the Museum of Flight in Seattle.

The MBA honored three members who have been integral to our accomplishments in 2016 with Member of the Year Awards. Bonnie Geers of Quadrant Homes was named Builder Member of the Year; Joseph Irons of Irons Brothers Construction was named Remodeler Member of the Year; and Duana Koloušková of Johns Monroe Mitsunaga and Koloušková was named Associate Member of the Year.

All three of these members were recognized, in part, for their contributions to our Association's advocacy efforts on behalf of housing.

Bonnie has long been a trusted voice in housing policy and land use discussions at the MBA, regularly testifying before city councils and planning commissions in support of our industry's positions on housing issues. She has also chaired the Association's political action committee, the Affordable Housing Council, since 2014.

As our Association's 2016 President, Joseph Irons has emphasized the importance of Building Synergy Together. This concept of working together as a team and reaching out to build partnerships in the community is a vital element to the advocacy work we do at the MBA. Joseph has also been a tireless advocate for workforce development, stressing the importance of encouraging young people to enter the trades and the need to support them with adequate funding for career and technical education.

Duana has always provided thoughtful input on housing policy and land use issues, engaging with the Housing Policy Committee and the AHC. She also served as co-counsel on the MBA's behalf on a case concerning the city of Seattle's ‘qualifying lot' design review ordinance. In a decisive victory for the MBA, this bad ordinance was overturned.

In addition to the Member of the Year awards, the MBA honored Don Davis, retired director of government affairs, with an Exceptional Service Award. This award recognizes members and staff for their many years of professional leadership and exemplary service to the MBA. Don served the Association for over 32 years, advocating on behalf of housing and working to promote a better climate for housing. Among his many accomplishments, Don developed the fundraising concept behind our Association's "Just Ten Percent" program, which encourages members to donate 10 percent of their GRIP or ROII returns to the Affordable Housing Council to help support housing-friendly candidates and causes. To this day, having contributions to this fund is a critical element in our success on lobbying on behalf of the residential building industry.

The Gala concluded with the presentation of the MBA Hall of Fame award, which this year went to the late Myra Williams. Myra was honored for her outstanding achievement in member recruiting, which certainly contributed greatly to our Association's membership growth. But more than that, Myra was acknowledged for being such an active and engaged member. Her strong enthusiasm for this Association was, and still is, an inspiration to others.

It was also great to see Mark Huber of Huber's Custom Building honored with the Spirit of Service Award and Anthony Maschmedt of Dwell Development recognized with the Built Green® Moving the Market Award—both very well deserved.

Congratulations to all the award recipients! These individuals offer an important reminder of the positive accomplishments that can be realized by simply being willing to step up and lead by example.

Thinking about incoming President Mike Walsh's theme for 2017, "Elevating Our Influence," I'd like to encourage all of us to find ways to engage more with the Association. Whether it's advocacy, community stewardship, or some other area, there are lots of ways members can get more involved in bringing about positive changes for housing and the community.

Photo credit: Alabastro Photography

Homing in on Our Region's Housing Statistics

King County multifamily construction is on the upswing after three months of depressed permits following the implementation of the 2018 Energy Code. 91.7% of those multifamily units—and all of the multifamily growth in King County—are in buildings with five or more units; permits for two- to four-unit housing remain low. King County single-family permits have also hit a high for the year, although it is slightly lower than permit numbers at the same time last year. With less than one month of supply in both King and Snohomish counties, more housing production is desperately needed.

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 August 2021

	King County had 0.62 months' supply of inventory (down from 1.16 months' of inventory a year ago).
	Snohomish County had 0.49 months' supply of inventory (down from 0.69 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

August 2021

	The median price of single-family homes and condos was $771,750 in King County and $667,410 in Snohomish County.
	For single-family homes only, the median price in King County rose 14.41%, from $742,950 a year ago to $850,000. The median price in Snohomish County rose 25.21%, from $555,000 to $694,900.
	In Seattle, the median price of single-family homes and condos was $799,000. The median price for single-family homes only was $875,000, a 6.06% increase from $825,000 in August 2020.

Source: Northwest Multiple Listing Service

Building Permit Activity

Jobs

	The Washington unemployment rate for August 2021 is 5.1%; for Seattle/Bellevue/Everett, it is also 5.1%.
	Construction employment in Washington decreased by 1,600 between July 2021 and August 2021. Total construction employment is 224,200 statewide and 107,300 for Seattle/Bellevue/Everett specifically.

Source: Employment Security Department: WA Employment Estimates (Seasonally Adjusted), August 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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