Full Citation
Title: Housing for North Carolina's Future: Policy Tools that Support Rural, Suburban, and Urban Success
Citation Type: Miscellaneous
Publication Year: 2020
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Abstract: In rural, suburban, and urban counties throughout North Carolina, serious housing challenges undermine economic success and resident well-being. The urgency of these issues both preceded and is exacerbated by the economic and health risks caused by the COVID-19 pandemic. No county has enough affordable housing to meet the needs of its residents with the lowest incomes, leading to strained household budgets and elevated rental market risks. Building on pre-2020 population projections from the state demographer, we project a net growth of approximately 866,000 households statewide, with substantial growth in urban counties and more populous suburban counties; moderate growth in higher-cost rural counties, rural recreation economies, and less-populous suburban counties; and more modest growth in the more affordable rural counties. Unless stakeholders across the state work together toward a healthier housing market, current gaps in the low-cost housing supply, added household demand, and increased arrears related to the pandemic will combine to exacerbate affordability challenges for households while undermining the viability of the rental and homeownership markets.
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Authors: Brennan, Maya; Hendey, Leah; Shroyer, Aaron; Su, Yipeng; Fedorowicz, Martha; Charleston, Donnie; Martin, Steven; Bieretz, Brian; Cohen, Oriya; Ramakrishnan, Kriti; Strochak, Sarah; Theodos, Brett; Meixell, Brady
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Data Collections: IPUMS USA
Topics: Housing and Segregation, Land Use/Urban Organization
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