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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.

  • Unemployment Rate Falls in January

    Posted on Mar 18, 2021 in:
    • Builders Bulletin
    The January jobs report was just released on March 16 and showed improvement from the prior month. Washington’s unemployment rate fell from 7.1% in December 2020 to 6.0% in January 2021. The January unemployment rate in the Seattle metropolitan area was 5.8%. The March Builders Bulletin also includes year-end permit totals for 2020, which were relatively flat for single-family. In contrast, multifamily permits fell 17% in King, Snohomish, and Pierce counties in 2020 compared to 2019.
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  • Home Prices Up in December

    Posted on Jan 29, 2021 in:
    • Builders Bulletin
    King and Snohomish counties ended 2020 with higher year-over-year median home prices amid continued tight supply of housing inventory for sale. The December 2020 median home price for single-family homes and condos was $676,000 in King County and $535,000 in Snohomish County, an increase of 9.92% and 8.08% respectively, compared to December 2019.
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  • Supply of Housing Inventory Continues to Drop

    Posted on Jan 4, 2021 in:
    • Builders Bulletin
    Data show the supply of housing for sale continuing to decline in King and Snohomish counties. King County had 0.93 months’ supply of inventory, down from 1.39 months’ of inventory a year ago. Snohomish County had just 0.49 months’ supply of inventory in November, down from 1.27 a year ago.
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