Every Day Working on Your Behalf

We want to ensure our residential building professionals and community members are able to do what they do—live and work productively.

capital building

Builders Bulletin

The Builders Bulletin is intended to provide a convenient way to track housing in our market. This monthly report includes information on housing supply, home prices, building permits, and population and job growth in the Puget Sound region.

  • Builders Bulletin: Growth in Washington's Construction Sector

    Posted on Jun 9, 2023 in:
    • Builders Bulletin
    The construction sector in Washington showed significant growth, with an increase of 5200 jobs between April 2022 and April 2023. The total employment in construction statewide reached 236,800, underscoring the industry's importance and contribution to the state's economy. Unemployment overall has remained low, with a rate of 3% in the Seattle/Bellevue/Everett area.
    Read More

  • Builders Bulletin: Builder Confidence Climbing

    Posted on May 10, 2023 in:
    • Builders Bulletin
    The HMI was 45 nationally, while in the West the HMI was 41. While this is still below 50 and indicates pessimism about the housing market, the sentiment is slowly rising compared to months prior. The HMI is based on a monthly survey of NAHB members designed to take the pulse of the single-family housing market.
    Read More

  • Builders Bulletin: First Decline in King County Home Prices Since May 2020

    Posted on Apr 13, 2023 in:
    • Builders Bulletin
    King County is now joining nearby counties, such as Snohomish and Pierce, that have seen home prices dropping for months. Reflective in the latest data from The Northwest Multiple Listing Service showing cooling prices, it is now apparent that homebuying and listing for homes and condos has decreased. The median price of single-family homes and condos was $760,000 in King County and $680,000 in Snohomish County.
    Read More