North Carolina’s economy is coming back from the recession and it is going strong – driven by an upsurge in real estate home sales and commercial development. The Wells Fargo NC Economic Report published in April, 2014, showed there was a 2.5% growth in the home construction market with significant increases seen in the urban/metro regions across the state.
"North Carolina's housing market continues to gain momentum, as improving job and income prospects boost household formation and encourage increased in-migration. Sales of existing homes increased 20.4 percent in 2013," stated the economic report.
“While builders have been cautious about getting ahead of demand, a larger problem has been the lack of available lots and a dearth of new land development. Inventories of new homes remain relatively tight, particularly in the Charlotte and Raleigh areas, where job growth and population gains have been the strongest. Building activity should ramp up in 2014,” stated the Wells Fargo Economic Report.
Over the past year, the real estate economy has strengthened significantly and spring and summer home sales figures in all regions of the state have been robust – driving new job growth and new investments in our local economies.
Real estate and the construction industry continue to have a profound impact on our state’s economy. The real estate sector provides nearly 400,000 jobs in North Carolina or nearly 10% of the state’s total non-farm workforce, according to the NC Department of Commerce Labor & Economic Division, Labor Market Report published in April, 2014.
Affordable housing, private property rights and protecting the tax advantages for homeownership are paramount concerns for the North Carolina Homeowners Alliance. That’s why it’s important to lend your voice and support to an organization dedicated to advancing your interest in the State Legislature.
"North Carolina’s 32,000 Realtors are proud to be working with the NC Homeowners Alliance promoting homeownership and the important role that real estate plays in our state’s economy,” said Tomp Litchfield, president of the NC Association of Realtors. “Your participation and support is critical to keeping the lawmakers in Raleigh informed about the key role homeownership plays across North Carolina.”
N.C. Homeowners Alliance: Engaging YOU, One Town at a Time
The North Carolina Homeowners Alliance has been taking its message around the state. We have been out at a few community events, and met a lot of great North Carolinians in Lenoir, Saluda and Washington, NC. Keep an eye out for us as we continue to travel to festivals and fairs across the state.
We’ve heard a few important notes from homeowners and voters. They want to make sure that their biggest investment is protected when it comes to tax policies at the legislature. They’ve told us to help support policies that protect home values. That’s what we’re fighting for: Pocketbook issues for hard working North Carolinians.
We know that the legislature will be considering many budgetary measures that may affect the price of homes and the rights of homeowners next year. If we are going to be at an event in your area, come out and tell us why protecting home ownership matters to you.
The North Carolina Homeowners Alliance has always supported legislators and legislative candidates who are committed to protecting home values. It’s a vital mission for the millions of people in the state who want to protect their biggest investments.
Now, we have seen a need to expand our efforts.
Over the next few years, the North Carolina General Assembly is likely to debate tax laws, property rights issues and other policies that directly affect the value of your home. Once those bills are moving through the legislature, it could be too late to act!
That’s why we are asking homeowners to join our efforts now. We have a new, expanded mission to keep you up-to-date on the legislature. We’ll ask you to contact your legislators when necessary, and we will tell you about opportunities to share the mission of the Alliance with others.
Throughout the summer and fall, we will be at community events around the state, asking homeowners to join with us.
We hope you like our new look and our expanded effort. We are still here to support legislators who support strong home ownership. We want them to hear from all of you.