The Wall Street Journal recently reported that the nation’s construction industry will begin a slow recovery next year. According to the article, the increase in construction will be led by the development of single-family homes, multi-family housing, and commercial properties, while government and infrastructure projects will decline from 2009 levels.
I think it’s reasonable to project that public projects will decline next year due to the fact that stimulus funds will largely be spent. And, I certainly want to believe that private development and construction will pick up during 2011. But there are also plenty of people still predicting that 2011 will be even worse than 2010 for new development and construction back log.
What do you think? Do you believe that 2011 is the turn-around year for construction or do you think we will have to wait until 2012 before the industry starts to see any real increase in activity?
Construction and Green Building Law Blawg 
November 20, 2010 at 1:53 pm
I sure hope 2011 is a rebound year…we could all use a good year.
My thought is that there has been too much private money sitting on the sidelines for too long now and we will start to see I pick up in planning and hopefully design in 2011 with construction to follow. The next year will still be rough for a lot of firms (and some won’t make it out the othe end) as projects go from “hey let’s look at this” to some real work.
In the end I do believe that 2011 will be a turn around year but it will be a slow turn as folks are still going to be very safe for a while longer.