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Western Piedmont COG presents Caldwell County housing plan; report highlights falling inventory, price jumps and target demographics
Summary
Western Piedmont Council of Governments presented a housing needs plan to the Caldwell County Board of Commissioners on March 10, noting a 28% jump in median sale price (from $235,000 to $301,000), 2.5 months of housing inventory, and population growth among ages 18–34 and 45–65.
The Caldwell County Board of Commissioners on March 10 heard a presentation of a housing needs plan prepared by the Western Piedmont Council of Governments (COG) in partnership with Caldwell County Economic Development and the city of Lenoir.
Allison Adams, planning director at Western Piedmont COG, summarized the 16–18 page tool intended for planners and developers. Adams said higher interest rates and higher product costs, combined with limited financing options, have left demand outpacing supply in Caldwell County. Adams reported that…
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