Industry Updates

Sign the Petition For more than a decade, Spokane has failed to build enough homes to meet the demands of our growing community. As a result, housing prices are increasing at never-before-seen pace. On July 12th, the Spokane City Council will vote on its Housing Action Plan – one we believe is based on out-of-date housing information and will NOT adequately address the severe housing shortage we now face. SHBA, along with the Spokane Association of Realtors, have created a petition to call on the city council to abandon its current Housing Action Plan. We believe the Housing Action Plan…

Housing Crisis in the News This comes as no surprise- due to the increasing cost of land, labor and lumber, builders are in trouble. Buyers are not able to afford a home and the existing supply is quickly evaporating. We have now gotten to a point where builders must turn business away because they can’t get workers, land, and building material costs have skyrocketed. “We purposefully stopped accepting pre-sales because we knew we were going to have issues with products not showing up, as well as escalating costs that we couldn’t hedge for,” Dannica Hanson of RYN Built Homes said.…

Is Relief in Sight for Spokane Residents? (Click the photo above to view video) With a hot home buyer’s market and ongoing shortage of new construction, home builders are troubled by a growing crisis in housing: People in middle and lower-income brackets are increasingly priced out of the market for home ownership. “Legislators are considering a number of bills this session that will significantly increase the cost of new homes,” said Tracy Doriot, 2021 president of the Building Industry of Washington. “Many of the bills have worthy goals. However, they also have significant consequences. “Every $1,000 increase in the cost…