Topics Related to Economic Trend

North Carolina’s housing stock reflects broader trends driving the state’s development, including demographic and economic forces that have transformed the state over the past several decades. What can the age of housing and the percentage of mobile homes reveal about the state?

The latest gross domestic product (GDP) data from the Bureau of Economic Analysis reveals key sectors to the state’s economy.

In previous articles, we explored household incomes and wages and the degree of differences in counties across North Carolina, housing costs, growth rates, and rental vs homewowner burden. Today, we explore housing values and burden at the county level to identity regional disparities across the state.

Upon completion of a recent article reviewing housing values across the state, we discovered that inflation adjusted median housing values increased in 77% of North Carolina’s counties since 2014. This made us wonder if rental costs would follow the same pattern.

As the discussion about rising home prices continues, we wanted to provide an update on an article published in 2022 looking at the ACS 5-year Median Home Values and how home values were keeping pace with inflation across the state.

Our recent LEAD Feed article showed that home prices grew substantially in North Carolina and the nation during the pandemic. This article examines data from the Federal Reserve Bank of Atlanta's Home Ownership Affordability Monitor (HOAM) to understand how homeownership affordability for current homebuyers has changed since 2019.

Housing costs rose sharply during the pandemic. Now, many more residents find themselves spending a larger portion of their income on rent or mortgage payments. To better understand housing affordability in North Carolina, this article explores housing cost burden for both homeowners and renters from 2010 to 2023, how cost burden has evolved, and which households are most impacted.

The North Carolina housing market has experienced remarkable transformations over the past two decades. Using data from the Federal Housing Finance Agency (FHFA) Home Price Index and the Zillow Observed Renter Index, this analysis explores how home prices and rents have evolved in North Carolina compared to national trends and examines underlying factors like housing supply and mortgage rates.

Recent data indicate that North Carolina has experienced a significant decline in poverty over the past decade. This analysis examines changes in the state's poverty rate from 2013 to 2023 and highlights county-level differences in poverty levels.

In this edition of NC Economy Watch, we highlight three of the big questions we’ll be asking as 2025 gets underway: will Asheville’s labor market recover from Hurricane Helene? Will labor market conditions improve for jobseekers across the state? And will we see any more relief on interest rates?