The construction market has yet to see signs of recovery from the current recession, but it’s coming next year, according to a forecast released by McGraw-Hill Construction.
Robert Murray, vice president of economic affairs, foresees an 8% increase in total construction starts to $445.5 billion in 2011. Much of that prediction is based on the single-family housing market finally seeing substantial growth with starts rising 27% to $126.7 billion.