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.
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Posted on Jan 6, 2023 in:
Single-family permit activity continues to fall, with amounts down 17% compared to this time last year. However, multifamily permits are up 1% when compared to this time last year.
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Posted on Dec 1, 2022 in:
While home prices are falling month-over-month, they are still higher than where they were a year prior. In King County, single-family median home prices are up 12.22% from November 2021, and in Snohomish County they are up 5%.
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Posted on Oct 28, 2022 in:
This month's Builders Bulletin features a new data point, the NAHB/Wells Fargo Housing Market Index (HMI). This is a national and regional indicator that tracks builder perception of current single-family home sales and expectations. It has decreased every month in 2022, reflecting a general bearish outlook towards the housing market amid rising construction costs and high interest rates.
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