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US construction to see 11 pct rise in 2010-WSJ
Fri Oct 16, 2009 3:17am EDT
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Oct 16 (Reuters) - The U.S. construction industry should see modest gains in 2010, with the building of single-family houses, apartment buildings, highways and bridges on the rise, offsetting drops in commercial and manufacturing property, the Wall Street Journal said, citing an industry report.
The McGraw-Hill construction forecast, released Friday, indicated that while the American economy is expected to remain choppy, starts are expected to climb 11 percent to $466.2 billion, with single-family housing coming in at $162.2 billion, the paper said.
McGraw-Hill representatives were not immediately available for comment outside regular U.S. business hours. (Reporting by Biswarup Gooptu in Bangalore; Editing by David Holmes)
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