Based on data below, an average of 13,000 housing units have been approved per year over the last five years. Population projections suggest that Raleigh’s population will grow to about 683,000 by the year 2040. Thus the annual number of units needed is about 4500. Over the last five years, Raleigh City Council has approved zoning requests for up to 64,981 units – a rate that is 2.9 times the rate needed to accommodate our population growth.
Recently, I posed some questions to the City of Raleigh Planning Director, Patrick Young, to get some real data on how well the City is meeting our housing needs. Here are the results:
Over the past five years there have been several rezoning cases that intended to add housing in the City of Raleigh. If we analyze these rezoning cases, how many units would we have if they were all built out?
The table below summarizes the total number of units that would be added if all approved zoning cases were built out to their maximum residential entitlement. Note that it includes unit data for approved rezoning cases between 2016 and 2020. The “Total Proposed Units” is the maximum potential number of units that were approved through rezoning. The “Units Added Through Rezoning” is the change in the number of units between the previous zoning and the approved zoning.
Note, although Council has approved 190 rezoning requests for nearly 65,000 units over the last 5 years, there is a lag before construction actually begins. Over the last 5 years, 14,262 have been permitted (important: the data for 2020 is not yet complete). Obviously this leaves many more in the pipeline to be permitted and built.