Gov. Stein Signs Order Targeting North Carolina Housing Shortage Crisis
North Carolina faces a projected shortage of over 750,000 housing units by 2029 as Governor Josh Stein directs state agencies to tackle the growing crisis.
RALEIGH, NORTH CAROLINA — Governor Josh Stein signed an executive order Tuesday directing state cabinet agencies to collaborate on increasing housing supply and affordability as North Carolina faces a projected shortage of more than 750,000 housing units by 2029.
The directive comes as a new study reveals the magnitude of the state’s housing crisis. Research commissioned by the N.C. Chamber Foundation, N.C. Home Builders Association and NC REALTORS® found an expected gap of 764,000 total housing units across North Carolina by 2029, including 322,000 rental units and 442,000 units for purchase.
Governor Addresses Growing Demand
“You all have heard the expression that if you build it, they will come,” Stein said during the signing ceremony. “Turns out … if you don’t build it, they will still come.”
The governor noted that North Carolina’s popularity continues to drive population growth despite the housing shortage. “People want to live and work here, but we simply do not have enough homes to meet that growing demand,” Stein said.
Focus on Middle-Income Workers
Stein highlighted the need for housing affordable to middle-income workers including teachers, nurses, police officers and firefighters. He stressed the economic impact of high housing costs on families across the state.
“Housing is the single biggest expense that most families face, so if somebody’s rent or mortgage takes up too much of their monthly paycheck, that means that they have that much less to spend on other essentials,” Stein explained.
Executive Order Creates Coordinated Response
The executive order establishes a framework for cabinet agencies to work together on housing solutions. The collaborative approach aims to streamline efforts across multiple state departments to address the housing shortage more effectively.
According to the “2024 Housing Supply Gap Analysis, State of North Carolina” study, the housing deficit represents a significant challenge for state policymakers. The research provides detailed projections showing both rental and ownership housing shortfalls expected across the state.
The governor’s action comes as housing affordability has become a central concern for North Carolina residents, with rising costs affecting families’ ability to afford other necessities. State officials will now coordinate efforts to develop strategies for increasing housing production and improving affordability statewide.
