Non-Residential Market Continues to Suffer in 2010
Following three years of precipitous decline, the construction market may have finally hit bottom and be in the early phase of a rebound with housing leading the way.
McGraw-Hill Construction is forecasting that total construction starts will climb 11% to $466.2 billion in 2010, following an estimated 25% decline in 2009. The forecast was announced at the 2010 Construction Outlook conference in Washington, D.C.