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A recent report from KHQ highlights the growing challenges many Spokane residents face as housing affordability continues to tighten. With rising home prices, increasing mortgage rates, and the broader impact of inflation, more individuals and families are finding it difficult to enter the housing market or maintain stable living situations. â–¶ Watch the KHQ Housing Story The piece also features insight from SHBA Executive Officer Joel White, who offered his expertise on the current housing landscape and the factors driving affordability concerns. His perspective helps provide valuable context around the economic pressures impacting both builders and buyers in today’s market.…
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This April, mortgage rates continued to increase as ceasefire negotiations remain inconclusive. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.34% last month, 16 basis points (bps) higher than in March. The average 15-year rate also increased by 13 bps to 5.69%. Despite the recent increase, both rates remain lower than a year ago by 39 bps and 21 bps, respectively. The 10-year Treasury yield, a key benchmark for long-term borrowing, averaged 4.31%, up 7 bps from March. Ongoing blockades in the Strait of Hormuz have kept oil prices above $100 per barrel. This has passed through to inflation which climbed to…
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BIAW has just added another benefit for members to build and strengthen their businesses. The BIAW Contracts Package is now FREE for all home building association members in Washington. Valuable before, even more accessible now Originally introduced as a subscription service in 2022 with a $399 price point, the package was developed by local land use attorneys familiar with Washington law. Washington-based attorneys with deep connections and knowledge of the home building industry drafted each template specifically for Washington’s residential home builders. When BIAW 2026 President Aaron Marvin took office, one of his top priorities was to continue to add value for…
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Spend enough time in this industry, and you start to recognize a pattern. It’s rarely the loud, obvious shifts that cause the most damage. It’s the quiet misreads – the moments where the signal is there, but the interpretation is off. Right now, the housing market is full of those signals. Price cuts. Slower sales. Rising inventory. Elevated rates. Each of them is real. Each of them is measurable. And each of them is easy to misunderstand. What matters isn’t just what’s happening; it’s how builders interpret what’s happening and how they respond. Here are five signals showing up across…
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