NEW YORK CITY-According to a McGraw-Hill Construction forecast to be released on Friday, the nation's construction industry will start a slow recovery from downturn next year. The construction of new projects is expected to rise up to $445.5 billion, an 8% increase from this year.
According to the forecast, single-family housing is expected to climb 27% to $126.7 billion, multifamily housing by 24% to $23.6 billion and commercial properties by 16% to $44.9 billion in 2011. For the full story, go to Wall Street Journal.
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