Your inside source for real estate, development and construction information serving the counties of Mecklenburg, Union & Iredell VOLUME 97 NUMBER 110 ■ MECKTIMES.COM
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Nonresidential Construction Has First Job Gain Since March How To Build a Successful Benefit Corporation Page 7
Multifamily Leasing Exceeds Pre-Pandemic Levels Page 3
Century 21 Real Estate Releases New Data on the Evolution of Home Page 4
Supply Chain Disruptions Continue to Hinder Progress
Survey: Location, Flexibility Work-Life Balance are Key Page 4
Data Shows Effectiveness of Social Media in Hiring Page 4
Small Businesses Struggle to Hire, Retain Employees Page 4
What Employees Want: Managers Who Are Leaders Page 5
Lag in Supply Chain, Rising Costs Create Demand for Nonresidential Projects The construction industry gained 22,000 jobs between August and September as nonresidential construction firms added employees for the first time in six months, according to an analysis by the Associated General Contractors
of America of government data released today. Association officials said nonresidential construction has been affected by the widespread supply chain problems, which are causing owners already uncertain about future demand for com-
mercial space to delay or even cancel some projects. “While it is refreshing to see job gains in both residential and nonresidential construction, nonresidential building and infrastructure employment remains far below its pre-pandemic peak,” said Ken Simonson, the association’s chief economist. “It will take more than a few months of
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... Rising inflation remains a key concern as companies contend with higher raw materials costs and supply chain problems, while consumers face higher prices. Investors are watching closely to see whether higher prices impact consumer spending and the economic recovery, especially as the holiday shopping season quickly approaches.
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