Affordable units — defined by RentCafe as those where rent doesn’t exceed 30% of the area median income — now make up nearly one in four new apartments in Seattle.

Affordability challenges continue to bedevil homebuyers, despite mortgage rates falling to a three-year low, the National Association of Home Builders reported. 

The pace of new-home sales hit an annual rate of 800,000, its highest level since January 2022. 

LGI Homes celebrated the grand opening of Shelm Meadows, a new-home community located southeast of Olympia in Yelm.

At the same time, completions of new single-family homes were on the rise last month, according to federal statistics. 

The metro will add 11,196 units by the end of the year — and construction is only set to increase in 2026 as zoning changes related to House Bill 1110 create more opportunities for development.

The upside surprise came despite monthly and yearly declines in the pace of sales. 

The single-family sector managed to eke out a slight monthly gain, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

The NAHB/Wells Fargo Housing Market Index slid a point to 32, reflecting ongoing negative sentiment in the homebuilding industry. 

The inventory of new homes for sale surged year over year, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.    

New single-family home construction declined as builders continue to grapple with macroeconomic headwinds. 

The organization issued a statement in support of the pro-development campaign at its annual meeting in Tampa. 

Homebuilder sentiment recently reached its third-lowest level since 2012. 

The surprisingly large decline in the pace of housing starts comes as builder sentiment remains depressed by tariff worries and high prices. 

The pace of new-home construction was higher than economists expected, even as homebuilders expressed concern about the impact of tariffs and supply-side challenges. 

At the same time, the median sales price for a new home hit its highest level since 2022, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.