Connect with us

North Carolina

Statewide report: 'North Carolina faces a significant housing inventory gap' • NC Newsline

Published

on

Statewide report: 'North Carolina faces a significant housing inventory gap' • NC Newsline


North Carolina is facing a significant housing inventory gap across all income levels and geographic regions, according to a statewide report commissioned by the NC Chamber Foundation, NC REALTORS and the N.C. Homebuilders Association.

The report, which was released this week, predicts the gap will increase with projected job and population growth. Addressing the gap could generate $489 billion in economic activity and create nearly 2.2 million jobs, the report said.

Meredith Archie (Photo: NC Chamber Foundation)

“Addressing North Carolina’s significant housing supply gap is more than just meeting immediate demand; it’s a critical investment in our state’s future,” NC Chamber Foundation President Meredith Archie said in a statement. “With projected population and job growth, accessible and available housing is essential to supporting our communities, strengthening infrastructure, and creating an environment where both workers and businesses can thrive.”

The report details rental and for-sale housing supply inventory in each of the state’s 100 counties for a five-year projection period from 2024 to 2029.

Advertisement

Eighty counties have projected increases in the number of households, with the largest percent increases projected to occur in Brunswick (15.3%), Johnston (12.2%), and Currituck (11.3%) counties. Wake and Mecklenburg counties are projected to have the largest numerical increases in new households, totaling 41,241 and 35,676, respectively.

Meanwhile, 20 counties have a projected decrease in the number of households, with individual declines that range from less than 0.1% (Vance County) to 3.0% (Northampton County).

The research group Bowen National Research conducted the Housing Supply Gap analysis. Mike Walden, an emeritus professor of agricultural economics at NC State and a private consultant, conducted the economic impact analysis.

Here are the report’s key findings:

  • The number of households in the state is projected to increase by 5% (218,160 households) between 2024 and 2029.
  • North Carolina faces a five-year housing inventory gap of 764,478 units (322,360 rental units and 442,118 for-sale units).
  • The state has an overall for-sale availability rate of 0.8%. This is well below the 2%-3% range of a “healthy” market.
  • Only nine counties, representing less than 10% of the state’s counties, have a median list price under $200,000, making it likely that many lower income households, including first-time homebuyers, have difficulty finding affordable homes to purchase.
  • The statewide vacancy rate for multifamily rental units is 5%. This is within the healthy market range of 4%-6%, but affordable rental programs show near-zero vacancies and over 41,000 households are on waitlists for affordable rental housing.

“The data and key findings of the housing study underscore not only the pressing need but also the urgency of implementing tangible solutions to bridge the housing inventory gap at all income levels across the state,” said NC REALTORS 2025 President John McPherson.

The report concludes that North Carolina is too large, has too many differences among rural, urban and suburban areas and too many regional socioeconomic variations to develop a one-size-fits-all solution for all regions.

Advertisement

“However, there are many broad housing efforts that housing advocates across the state could consider when making efforts to address housing issues in the state,” the authors wrote.

The authors made these recommendations:

  • Educate the public, including decision-makers, on the housing characteristics, challenges and opportunities in North Carolina.
  • Research other communities and states on possible approaches to address housing Issues.
  • Encourage municipalities and counties to develop individual housing plans.
  • Support efforts to preserve existing housing and encourage new residential development.
  • Encourage local housing advocates to build organizational capacity.
  • Leverage data from this statewide housing study to encourage and attract residential development.

“This report demonstrates the urgency of policy changes needed for housing and the financial benefits for the community and all levels of government,” said North Carolina Home Builders Association Executive Vice President Tim Minton.



Source link

Advertisement

North Carolina

North Carolina’s Berger optimistic about budget, blames Democrats for primary loss

Published

on

North Carolina’s Berger optimistic about budget, blames Democrats for primary loss


A top North Carolina lawmaker who suffered a stunning upset in his primary election last month spoke publicly about the result Tuesday, blaming the loss on political opponents across the aisle. 

North Carolina Senate leader Phil Berger — who has led the chamber since 2011 — lost the Republican primary for his seat to Rockingham County Sheriff Sam Page by 23 votes, one of the closest elections in state history. Berger conceded defeat in a March 24 statement after a machine recount and partial hand recount yielded no change in Page’s lead. 

Berger discussed the experience with reporters Tuesday after lawmakers convened for a short legislative session in Raleigh. Asked what message voters sent him in the primary, Berger said: “Democrats like to vote in some Republican primaries. That’s the message.”

Berger didn’t elaborate on his explanation. Registered Democrats are only allowed to take Democratic ballots in primary elections. But unaffiliated voters are allowed to participate in a party primary of their choice. Berger didn’t suggest changes to that law, but he mentioned possible examination of other election laws. 

Advertisement

He said lawmakers should reconsider the number of days North Carolina allows for early voting in primaries. In-person early voting started on Feb. 12 and ended Feb. 28.

“Seventeen days of early voting just seemed pretty excessive and it really stresses the local boards of elections,” Berger said. Some county election boards struggle to find daily staffing for all of their voting sites in the early voting period, he said. 

Minority Leader Sydney Batch, D-Wake, called Berger’s comments “an insult to his district and an affront to our democracy.”

“The voters sent him a clear message,” Batch said. “It’s time he accept it and get back to work to finish the job he still has, while he still has it. Pass a budget.”

State lawmakers haven’t adopted a comprehensive state budget since 2023. They were expected to do so last year, but Berger and Republican House Speaker Destin Hall have been at odds over a range of issues,  including tax policy, Medicaid funding, and other line items affecting billions of dollars in state funding.

Advertisement

Berger said Tuesday that he and Hall were on the verge of a spending agreement for Medicaid, the government-funded health insurer for people who are young, impoverished or disabled. Republican legislators plan to approve Democratic Gov. Josh Stein’s $319 Medicaid request, while adding guardrails and oversight measures to prevent fraud and waste. 

To strike the deal, Berger said Tuesday that he had agreed to postpone discussions about funding for a massive new children’s hospital. The 2023 budget authorized about $320 million over three fiscal years for North Carolina Children’s Health — a partnership between UNC Health and Duke Health — to open in Apex in 2032. About $216 million has already been spent. Hall has said his caucus wants to reconsider the final installment of funds, about $103 million, while Berger has called on House leaders to release the money. 

“We’ve agreed to move the discussion of whether or not the House is going to honor the agreement they made in 2023 to the full budget discussion,” Berger said Tuesday.

Earlier Tuesday, Hall told reporters that progress had been made on negotiating children’s hospital funding. 

“It’s not resolved yet,” Hall said. “I think there’s some questions about how much more money it’s going to need exactly in order to be a viable project. And so, you know, those discussions continue.”

Advertisement

Those budget negotiations are ongoing, but Berger said recent conversations have given him reason to be optimistic. “We’re having conversations,” he said. “They are substantive. They haven’t gotten us to an agreement yet, but we are continuing to talk, continuing to exchange ideas,” Berger said.

Hall described budget talks similarly: “The trajectory is good [enough] to where we’re very likely to get a budget done, hopefully sooner rather than later.”

Berger said that, in the final months of his term, he wants to focus on policies that make North Carolina a top destination for businesses. 

“I’d like to continue the progress that we’ve made over the years in making North Carolina number one state for business and making North Carolina a competitive state in terms of our tax climate and our regulatory climate,” Berger said, adding that he wants to boost education funding as well. 

Addressing property taxes

Advertisement

House and Senate Republicans are also offering separate proposals for limiting property taxes in North Carolina. 

House Republicans are pursuing a constitutional amendment that would give the state more control over how much cities and counties can raise property taxes. On Tuesday, Berger said he doesn’t think there’s a consensus on the proposed amendment and noted that it would take several months to enact into law. Voters must approve constitutional amendments at the polls in order for them to become law. 

“It’s a start that we can look at,” Berger said of the proposed constitutional amendment.  “But that, by itself, would not actually go into effect until after the voters approve it, if they approve it, and then the legislature actually passes some sort of legislation.”

Berger said he plans to introduce a bill that freezes municipal property tax revaluations for 12 months while legislators study the issue further. 

“We’ve got to do something,” Berger said. “I just don’t know that there’s consensus as to what that something is. 

Advertisement

“The best thing that we can do at this point is just call a timeout and give the legislature an opportunity to try to review whatever proposals might be out there.”



Source link

Continue Reading

North Carolina

North Carolina High School Football Program Promotes From Within

Published

on

North Carolina High School Football Program Promotes From Within


Less than two weeks after losing its head coach to Duke University, a North Carolina high school football program has been promoted from within.

Kevin Reddick will become the new head coach at Rolesville High School, replacing Ranier Rackley, who became the Director of Player Development at Duke University.

News of the decision was first reported by High School OT.

Advertisement

Reddick was the defensive coordinator for the Rams for the past three seasons, helping the team win 25 games during that run. Last year, Rolesville allowed just under 15 points per game with Reddick in charge of the defense.

North Carolina High School Promotes Defensive Coordinator To Head Coach

Rolesville finished 9-4 last season under Rackley and Reddick.

Reddick is a graduate of New Bern High School, helping the Bears capture the 2007 Class 4AA North Carolina High School Athletic Association State Football championship. He was tabbed the most valuable player of that title game as a sophomore fullback after scoring two touchdowns in a 28-17 victory over Independence.

Advertisement

At New Bern, Reddick earned conference defensive player of the year honors and was all-state at lineback as a senior after recording 189 tackles, eight quarterback sacks, six forced fumbles and four blocked punts. He also ran for over 160 yards and scored six touchdowns.

Kevin Reddick Was College Standout, Had NFL Career Before Becoming Coach

Following his high school career, Reddick signed with North Carolina as a four-star prospect, earning first team all-ACC honors as a senior. He also had offers from North Carolina State, Virginia and Clemson.

With the Tar Heels, Reddick played in 50 games, recording 275 tackles, including 36 for loss, with 8.5 quarterback sacks, two interceptions and two forced fumbles.

Advertisement

Reddick signed with the New Orleans Saints as an undrafted rookie free agent, and also had stints with the San Diego Chargers, Carolina Panthers and Buffalo Bills.

Advertisement

Rolesville reached the North Carolina High School Athletic Association State Football championship game with Reddick on the coaching staff and the third round this past season.

Rolesville Returns Top Rusher, Several Other Key Players

The Rams will be replacing starting quarterback Kaleb Williams, who had almost 2,500 yards passing and 22 touchdowns, as freshman Chase Williams was 8-for-8 for 98 yards with a touchdown in three games.

Advertisement

They will have top running back Amir Brown back, as he ran for 1,374 yards with 22 touchdowns and six games of 100 yards rushing as a junior. He also had 13 receptions for 106 yards and another TD.

Advertisement

Anthony Roberts is another key player back, as he caught 35 passes for 656 yards and nine TDs. Top tacklers Jayden Broadie, Javon Campbell, Genesis Allen and Keonte Sutton are all set to return, as well.

Add us as a preferred source on Google



Source link

Advertisement
Continue Reading

North Carolina

Shooting in park near North Carolina school leaves two dead and several hurt

Published

on

Shooting in park near North Carolina school leaves two dead and several hurt


At least two people are dead and “several” others are injured after a “planned fight” at a North Carolina park escalated into a mass shooting, authorities said.

Police have identified several victims and suspects after Monday’s shooting at Leinbach Park near Jefferson Middle School, according to the Winston-Salem Police Department.

Authorities confirmed there were multiple victims in the shooting, but did not provide an exact number. The suspects were still at large over two hours later.

Officers were called to the park just before 10 a.m. after reports of a fight, which then escalated into multiple people shooting each other.

Advertisement

Area schools are not in lockdown, and classes are operating as normal, police said.

“Due to the number of people involved, efforts are ongoing to account for everyone. At this time, some of those involved in the incident are juveniles,” police said.

According to local news station WFMY, at least three people were taken to the hospital. Officials have not shared their conditions.

Police said the shooting was an isolated incident and remains under investigation.

This is a developing story

Advertisement



Source link

Continue Reading
Advertisement

Trending