NEWS & BLOG

Breaking news and resources from across the industry.

  • 2023 General Election Endorsements

    Posted on Oct 18, 2023 in:
    • MBAKS News
    • Endorsements
    • AHC
    • Advocacy
    Each election cycle, our Affordable Housing Council (AHC) interviews candidates at the city, county, and state levels to determine their degree of support for our industry. The following candidates have received an AHC endorsement for the 2023 election cycle.
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  • Builders Bulletin: Permit Downturn Persists

    Posted on Oct 18, 2023 in:
    • Builders Bulletin
    In the Seattle Metro Area, the building permit data for the year-to-date period ending on August 31, 2023, paints a distinctive picture of the region's construction activity. The statistics show a notable slowdown in both single-family and multifamily construction projects.
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  • Builders Bulletin: Washington Unemployment at 3.6%, Construction Sector Grows by 4,500 Jobs

    Posted on Sep 19, 2023 in:
    • Builders Bulletin
    In July 2023, the unemployment rate in Washington stood at a healthy 3.6%, while the Seattle/Bellevue/Everett metropolitan area boasted an even lower rate of 3.1%. Notably, the construction sector in the state experienced growth over the past year, adding 4,500 jobs between July 2022 and July 2023. With a total statewide construction employment of 240,900, these figures reflect a positive trend in Washington's labor market and its continued commitment to economic development.
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  • Builders Bulletin: Puget Sound Housing Market Sees Modest Increase in Inventory Supply Amidst Ongoing Challenges

    Posted on Aug 17, 2023 in:
    • Builders Bulletin
    King County recorded a 1.5 months' supply of housing inventory as of June 2023, indicating a slight increase from the 1.34 months' supply reported in June 2022. Similarly, Snohomish County saw its inventory supply rise to 1.07 months, up from 1.34 months a year earlier. Despite the increase, the current supply falls notably short of a healthy level.
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  • Builders Bulletin: Washington Population Grows

    Posted on Jul 13, 2023 in:
    • Builders Bulletin
    The April 2023 population estimates have been released, highlighting a 1.1% growth since April 2022 in Washington. According to estimates from the Office of Financial Management, Washington's total population has surpassed 7.9 million residents, with a total of 4,437,100 just in the Puget Sound region. King County has witnessed the largest influx, with an addition of 30,100 individuals since last April. Snohomish County follows closely with a growth of 12,500 over the same time period.
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