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Construction Industry Forecast to Rebound in 2010

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"The nation's construction industry, nearly paralyzed during the downturn, should see modest gains next year, as a rise in building of single-family houses, apartment buildings, and highways and bridges offsets drops in commercial and manufacturing property," the Wall Street Journal says based on a report by McGraw-Hill. "Next year, starts are expected to climb 11% to $466.2 billion, according to McGraw-Hill. Construction starts indicate future construction spending and often correlate strongly with actual spending."

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