Is Raleigh’s Housing Supply Finally Catching up to Demand?
Good news for renters. Less so for buyers.
As Raleigh Forward noted in a recent post, as well as a post last May, Raleigh’s housing affordability crisis is in large part due to supply constraints, not rapid population growth. As the chart below illustrates, Raleigh’s housing production crashed after 2007 and never recovered. That seems to finally be changing. In 2021, overall housing production exceeded 2007 levels for the first time and blew past those levels in 2022.
