Ginevra Joyce-Myers: North Carolina’s housing problem is a supply problem
North Carolina's housing shortage is no longer an abstract policy debate.
North Carolina's housing shortage is no longer an abstract policy debate.
As a small business owner serving Anson, Stanly and Union counties, I understand firsthand how important a safe, reliable and accessible financial system is to the businesses and families that keep our communities moving.
As someone who suffers from fibromyalgia, I follow the policy discussions around drug pricing and ideas to lower patients costs very closely. Cymbalta helps me manage my symptoms and show up for the people who are counting on me and I want to make sure that I continue to have access to this medication.
Although I know full well that bad news draws more eyeballs than good news, I feel compelled to observe that something rather shocking — and promising — happened last week. Both major political parties acted responsibly.
For years, Senator Thom Tillis has sounded the alarm over China’s efforts to gain economic leverage over American industries.
Housing affordability has become one of North Carolina’s most urgent economic challenges. Rising rents, persistent inflation, and higher everyday expenses are straining household budgets across the state. In a statewide poll earlier this year, 70% of North Carolinians, across the political spectrum, described housing as unaffordable.
In the last year, more people have moved to North Carolina than any other state in the country. Boasting a net gain of 84,000 new residents, families are flocking to North Carolina because the state still offers something that’s becoming increasingly harder to find: a place where a paycheck goes further. That affordability edge is what’s at stake here in a costly fight that’s draining small businesses every day.
In much of the state, fewer than 1% of for-sale homes are available at any given time — far below the 2–3% economists consider a healthy market. In the Triangle and Charlotte, where employers keep adding jobs faster than builders can add roofs, the math simply doesn't work for a growing share of families.
North Carolina is in the middle of a housing crisis that is often treated like background noise. Home prices across the state have climbed far faster than wages, and rents in cities like Charlotte, Raleigh, Wilmington, and Asheville have pushed working families—teachers, nurses, restaurant workers, the people who keep our communities running—further and further from the neighborhoods they serve.
Every winter, before the ground thaws, North Carolina farmers sit down with the same local banks their families have used for generations to work out how they will pay for a crop that won’t come in for another eight months.
Several years ago a childhood friend told me he had been diagnosed with pancreatic cancer. We met in kindergarten and maintained that friendship for decades. His life ended too soon and he left behind a grieving family even after the best medical treatment available, treatment that often left him sick for weeks afterward.
As a former executive director of the North Carolina Republican Party, I have spent years talking with voters about the same basic promise: government should stand up for taxpayers, reward work and protect American strength.