The Mecklenburg Times, October 5, 2021

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Your inside source for real estate, development and construction information serving the counties of Mecklenburg, Union & Iredell VOLUME 97 NUMBER 104 ■ MECKTIMES.COM

Can Office-Mate Opposites Work Together? Page 5

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Construction Spending Posts Small Increase In July

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Demand for Vacation Homes Fell for Second Consecutive Month in July Page 3

Survey: 90% of Americans Want Less Meetings at Work to Enhance Productivity Page 4

Small Business Owners Weigh in on Impact of COVID-19 Page 6

When Can Landlords ‘Unreasonably Withhold’ Consent? Page 7

Coronavirus, Soaring Costs, Supply Disruptions Threaten To Erase Further Gains Total construction spending ticked up from June to July, as gains in residential and public construction offset a dip in private nonresidential projects, according to a new analysis of federal

construction spending data the Associated General Contractors of America released today. Officials noted, however, that challenges remain for the industry, particularly because of continuing prob-

lems with coronavirus flare-ups and supply-chain disruptions. “Although nonresidential construction is no longer in free fall, many categories face continuing challenges,” said Ken Simonson, the association’s chief economist. “The rapid spread of the delta variant of COVID-19 is causing a pullback in re-openings and travel that may lead some owners to postpone new projects. Meanwhile, materials price in-

PLEASE SEE CONSTRUCTION ON PAGE 6

Consumer spending has been the key driver for the economic recovery and it has been crimped in part by rising cases of COVID-19 because of the highly contagious delta variant. Investors will get a glimpse into how that could continue to play out when The Conference Board releases its consumer confidence index for September.

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