Matt Adams: North Carolina is Growing… But Can the Housing Market Keep Up?
North Carolina is one of the fastest growing states in the United States. People from all over are attracted to our high-quality of life, lower cost of living, booming job market, and diverse geography. What’s not to love? Unfortunately, several policymakers fail to support initiatives that back our growing population, namely, private investment in the housing market.
North Carolinians – whether new residents or lifelong natives – should have the choice to decide where they want to live, what comfortably fits in their budget, and whether renting or homeownership best fits the needs of their family. We should welcome more homes of all types statewide – single-family homes, townhomes and condos, and apartments. Closing North Carolina’s housing inventory gap would create new jobs, provide new housing opportunities, and generate substantial economic growth.
More supply statewide will also help soften the skyrocketing cost of home prices, all while offering affordable options, shorter commute times, and access to quality neighborhoods and schools.
As our state continues to grow by the day, we must approach housing reform with a practical lens. North Carolinians deserve more options and more housing opportunities. Access to safe neighborhoods and better schools should be an option for all, not solely those who can afford to purchase a home. Private investment is key in helping our citizens become one step closer to the American Dream.
Matt Adams is a Charlotte area business leader and former Chairman of the NC Federation of College Republicans.
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