New Construction

More density coming to Bothell
More density coming to Bothell

With a population of 45,000, Bothell is booming and attracting housing developers in droves, including Vulcan Real Estate and other big names. Credit is due in large part to the dozens of biomedical companies located there.

Apartment production slows to a 5-year low in Seattle metro
Apartment production slows to a 5-year low in Seattle metro

Despite strong growth in the apartment sector nationwide, production in the Seattle area is expected to hit a five-year low in 2021 — a decline of 19% from 2020 levels — reports RENTCafé, a nationwide apartment search website.

New-home construction falls in July
New-home construction falls in July

“The bright spot in an otherwise underwhelming report comes from the increase in the overall number of permits issued, which can signal how much home construction is in the pipeline.” — First American deputy chief economist Odeta Kushi

Canyon Partners, American Capital Group team up on Burien opportunity zone project
Canyon Partners, American Capital Group team up on Burien opportunity zone project

Canyon Partners Real Estate LLC and American Capital Group have formed a joint venture to develop [email protected], a 230-unit apartment project in the Seattle suburb of Burien.

Could zoning changes help boost supply and balance the market?
Could zoning changes help boost supply and balance the market?

With high costs slowing construction and potentially lowering homeownership for many, easing zoning rules may be the most effective way to increase the supply of new housing.

NAHB: Builder confidence stays strong in May despite concerns about materials costs
NAHB: Builder confidence stays strong in May despite concerns about materials costs

Builder confidence was steady in May, carrying over April’s reading of 83 for another month, according to the most recent National Association of Home Builders/Wells Fargo Housing Market Index.

New-construction home sales soar to record highs
New-construction home sales soar to record highs

Low mortgage rates and low inventory levels are making the demand for homebuilding more attractive to buyers in Seattle and nationwide.

Biden Administration announces additional 22,000 H-2B visas
Biden Administration announces additional 22,000 H-2B visas

The DHS announcement comes in response to businesses reporting an immediate need for supplemental, temporary guest workers for this fiscal year.

New home construction surges in March, suggesting relief for homebuyers
New home construction surges in March, suggesting relief for homebuyers

Privately owned housing starts jumped 19.4% from February’s revised estimate to a seasonally adjusted annual rate of 1,739,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development

Who made up the National Association of Home Builders in 2020?
Who made up the National Association of Home Builders in 2020?

The National Association of Home Builders published the results of its Special Study for Housing Economics, highlighting the 2020 annual census of who makes up its members.

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