By Kristen Bell
Affordability challenges and the skyrocketing cost of living are burdens felt by millions of Americans. Nowadays, Americans are opting to relocate to urban areas that offer access to more affordable neighborhoods, thriving public schools, and extensive infrastructure. According to a January 27 article in the News & Observer, North Carolina added nearly 150,000 new residents last year – behind only Texas and Florida. Are we prepared for such an influx?
Last year, the NC Chamber released a report showing the significant housing inventory gap our state faces – a gap that affects all income levels and geographic areas. The findings revealed that an additional $489 billion in economic activity and 2.2 million jobs could be at stake. If North Carolina is going to keep up, we must prioritize building more homes of all types.
Unfortunately, housing demand and affordability isn’t a problem only we as North Carolinians face. For years, the United States has underbuilt homes. Construction has failed to keep pace with the population boom. Building more homes benefits the economy, whereas restricting private investment will only weaken it. Our citizens should have the freedom to decide where they live and if homeownership or renting is best for their family.
Ultimately, North Carolina needs housing reforms that expand options statewide and adequately reflect the realities of our growing population. A family’s access to safe neighborhoods, good schools, and more opportunity shouldn’t depend on their ability, or inability, to purchase a home.
Kristen Bell is a former campaign staffer for former U.S. House Speaker Pro Tempore Patrick McHenry