McGraw Hill report is saying a silver lining may be visible in 2010…Let’s see if they are right
From the Wall Street Journal (U.S.):
Construction Industry Forecast to Rebound in 2010
The nation’s construction industry, nearly paralyzed during the downturn, should see modest gains next year, as a rise in building of single-family houses, apartment buildings, and highways and bridges offsets drops in commercial and manufacturing property, according to a new McGraw-Hill report.
The closely watched McGraw-Hill construction forecast released Friday is another indicator that the economy will remain choppy in the wake of the longest and steepest recession since the Great Depression. New development will continue to be dragged down by high unemployment and tight credit markets…
..Next year, starts are expected to climb 11% to $466.2 billion, according to McGraw-Hill. Construction starts indicate future construction spending and often correlate strongly with actual spending..
