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?