BELLEVUE, Wash.—December 18, 2020—The Master Builders Association of King and Snohomish Counties (MBAKS) announced its 2020 winners at their annual end of year awards gala on Thursday, December 17. This year’s gala was held virtually due to the COVID-19 pandemic, featuring skits, year-end retrospectives, and an awards show.

Recent building permit data for the Seattle metro area shows single-family and multifamily permits fell in King County by 8% and 26%, respectively, in September year-to-date compared to the same period last year. Meanwhile, permits are up in Snohomish and Pierce counties during the same period.

Median home prices for single-family homes and condos rose more than 17% year-over-year in King and Snohomish counties in September 2020. The King County median home price was $698,230. In Snohomish County, it was $550,000.

The Washington unemployment rate for August showed some improvement on a monthly basis, moving to 8.5%, compared to 10.2% the previous month. The Seattle/Bellevue/Everett unemployment rate fell from 8.2% in July to 7.4% in August. Twelve months ago the unemployment rate in Snohomish County was 3.0%, and 2.7% in King County. The August 2020 Monthly Employment Report marks the sixth month since the impacts of COVID-19 started showing up in the local labor market.

Our association strives to ensure all people can attain housing. To achieve that goal and right these wrongs, we must face our industry's troubling past. Delve deeper into our region's racist housing history, with links to resources, original documents, and more.