November 6, 2024 | NC Elections Overview

Welcome to your election day recap! Below you will find a summary of the state legislative and executive branch races. We're pleased to share that ALL candidates supported by the AANC PAC and the Multifamily Housing Coalition of NC (MHCNC) won their races!

*The following information is current as of 11.6.2024 at 10:30am; some races are subject to change.

North Carolina Legislature
All 120 House seats and all 50 Senate seats on the ballot:

NC House: 71-49 | 72 for veto-proof majority and 61 for simple majority 

• The House has lost their Republican veto-proof majority; as of this report, Republicans have a net loss of one seat from the 2023-2024 legislature.
• Incumbents Rep. Ken Fontenot (R) of Wilson, Rep. Frank Sossaman (R) of Oxford, and Rep. Diamond Staton-Williams (D) of Concord lost their reelection bids.
• Two seats fall within the recount margin: 
  • Incumbent Rep. Frank Sossaman (R) of Oxford trails Bryan Cohn (D) of Oxford by 182 votes.
  • In southeast Mecklenburg County, incumbent Rep. Tricia Cotham (R) is leading Nicole Sidman (D) by 275 votes.

NC Senate: 31-19 | 30 for veto-proof majority and 26 for simple majority

• Republicans maintained their veto-proof supermajority.
• No incumbents lost their reelection bids.
• Two races fall within the recount margin:
  • Ashlee Adams (R) in northern Wake County leads (current NC House Rep.) Terrence Everitt (D) by 38 votes. This seat is currently held by Sen. Mary Wills Bode (D), who did not run for reelection.
  • Woodson Bradley (D) in southern Mecklenburg County leads Stacie McGinn (R) by 27 votes. This seat is currently held by Sen. Rachel Hunt (D), who ran for Lt. Governor.

Election impacts on the rental housing industry:
Without a House veto-proof majority and a Democratic Governor, any legislation with the possibility of a veto will need to have bi-partisan support in the House.

North Carolina Executive Branch
All Council of State seats on the ballot:

• Governor: Josh Stein (D) (seat is currently D)
  • Current Governor Roy Cooper (D) was term-limited. Attorney General Josh Stein (D) defeated Lt. Governor Mark Robinson (R).
  • While the Governor’s seat will not change political parties, we anticipate turnover within the senior-level teams, including cabinet secretaries and regulatory boards.
• Lt. Governor: Rachel Hunt (D) (seat is currently R)
• Attorney General: Jeff Jackson (D) (seat is currently D)
• Superintendent of Public Instruction: Mo Green (D) (seat is currently R)
• Secretary of State: Elaine Marshall (D) (incumbent)
• Treasurer: Brad Briner (R) (seat is currently R)
• Auditor: David Boliek (R) (seat is currently D)
• Insurance Commissioner: Mike Causey (R) (incumbent)
• Labor: Luke Farley (R) (seat is currently R)
• Agriculture Commissioner: Steve Troxler (R) (incumbent)

Election impacts on the rental housing industry:
We can expect Gov. Cooper’s housing policies to continue in a Stein administration. This will likely hold true with AG Stein’s housing stances continuing in a Jackson administration.

North Carolina Judicial Branch

• NC Supreme Court: 6-1 
  • One seat was on the ballot. Incumbent Allison Riggs (D) currently trails NC Court of Appeals Judge Jefferson Griffin (R) by 9,851 votes. This falls within the recount margin for a statewide race.
• NC Court of Appeals: 11-4
  • Three seats were on the ballot. Republicans secured the winning vote for all three seats.