The Mecklenburg Times, March 1, 2022

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Your inside source for real estate, development and construction information serving the counties of Mecklenburg, Union & Iredell VOLUME 106 NUMBER 9 ■ MECKTIMES.COM

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Experts split on whether affordability woes or inventory gains will define 2022 housing market Page 2

Waxhaw’s Juliette Weiland Awarded Score Charlotte’s Top Award For Outstanding Service Page 3

Crescent Communities and Nuveen Real Estate Announce Land Close for Transformative Mixed-Use Project, Carson South End Page 4

NOVAK: Get Furious: Unfair and Illegal Termination Page 5

ENNICO: Before You Buy a ‘Jigsaw Puzzle’ Business

Construction Adds 22,000 Jobs In December, Jobless Rate Falls To 5 Percent As Ongoing Nonresidential Recovery Offsets Rare Dip In Residential Total Construction employment increased by 22,000 jobs between November and December as nonresidential construction firms added workers for the fourth month in a row while residential construction employment slipped, according to an analysis by the Associated General Contractors of America of government data re-

leased today. Association officials said the new employment figures are consistent with the results of a new outlook survey they will be releasing on January 12. “Nonresidential contractors are increasingly busy and are eager to hire even more workers,” said Ken Simonson, the association’s chief economist. “But the

low rate of unemployment and record job openings in construction show how difficult it is bringing enough workers on board.” Simonson noted that the unemployment rate among former construction workers in December was 5.0 percent,

PLEASE SEE CONSTRUCTION ON PAGE 6

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World shares drop after Putin orders troops to east Ukraine Page 7

“The industry appears well poised for a strong recovery in 2022, but there are certainly clear challenges, including labor shortages, that could undermine construction this year” Ken Simonson, AGCA

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The Mecklenburg Times, March 1, 2022 by SC Biz News - Issuu