A record-high percentage of firms are facing supply shortages, the National Association for Business Economics found, and most are passing cost increases om to customers.
The pandemic accelerated automation purchases, according to an industry group, especially in agriculture, construction and fast food.
Rents are up, providing builders an incentive.
Homebuilders already face higher prices for materials. More expensive loans could affect construction for years.
Jerry Howard, CEO of the National Association of Home Builders, discusses the challenges facing his industry.
Demand is pushing up wages, but not enough, some say, to bring young workers to the door as older ones head for the exit.
Contractors are finding ways to work around supply chain delays, but projects are taking longer.
The idea that federally funded construction projects must pay a minimum "prevailing wage" goes back to a 1931 law.
Warehouses are booming, but not so much for offices and retail. Vaccine hesitancy and lagging pay contribute to labor shortage.
Shortages of building materials vary by state, so more new homes are being built in some regions than others.