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Some segments of the construction industry could rebound and show some growth in 2010 according to a report on the Wall Street Journal on McGraw Hill forecast. The report is the one of the few positive indicators for an industry that has been hit harder than almost any other.
According to the WSJ article, the report indicates growth in single-family houses, apartment buildings, and highways and bridges next year help to offset continued building struggles in the commercial and manufacturing sectors.
The value of construction starts this year was expected to be down 25% by year??s end in comparison to 2008. McGraw Hill projects a possible increase 11%increase in the value of construction starts in 2010.
WSJ article and the McGraw Hill study require subscription or purchase.