Construction Costs Bite into Apartment Investment Returns
Rising labor and materials costs are cutting into yields on multifamily development projects.
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Rising labor and materials costs are cutting into yields on multifamily development projects.
Construction firms added 16,000 jobs in August but remain stymied by a dearth of qualified workers, according to the latest federal statistics.
Construction companies are having a hard time finding workers in North Carolina, and the worker shortage is causing delays for some projects.
As construction companies added 16,000 jobs in August, nonresidential contractors are still limited by a lack of skilled labor according to a survey conducted by Associated General Contractors of America.
Nearly all construction firms have job openings, and more than half said they're seeing projects being scaled back, postponed or canceled.