The Mecklenburg Times May 24, 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 18 ■ MECKTIMES.COM

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Providence Group Capital acquires four South End parcels in Charlotte Page 2

Home buyers may find less competition near city centers for the first time in years Page 3

Dream home must haves: new AIM research gets answers straight from the consumer Page 4

ENNICO: Protecting your online business with exclusive agreements Page 5

NOVAK: Ditch limiting beliefs for your best life

Construction employment stalls as industry unemployment rate falls to 4.5 percent Construction employment edged up by 2,000 jobs between March and April as contractors scrambled to find workers in an increasingly tight labor market, according to an analysis by the Associated General Contractors of America of new government data. Association leaders urged officials in Washington to address both shortand long-term worker shortages with expanded permits for foreign-born

workers and support for career training and education to enable more workers to acquire the skills for high-paying construction careers. “The pause in employment gains last month most likely signifies a shortage of qualified workers, rather than any slowdown in demand for projects,” said Ken Simonson, the association’s chief economist. “In fact, job openings in construction hit an all-time high at

the end of March, while the industry’s unemployment rate was the lowest ever recorded for April.” The unemployment rate among jobseekers with construction experience tumbled from 7.7 percent in April 2021 to 4.6 percent last month, the lowest April rate since the series began in 2000. The number of unemployed construction

PLEASE SEE CONSTRUCTION ON PAGE 6

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Stocks fall sharply as Target’s woes renew inflation fears Page 7

“It’s clear that the past two years have brought lasting change to work-life for American employees.”

Benjamin Granger, Qualtrics

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