One hopeful home forecast

The single-family home building sector is expected to experience an upswing in 2010, according to one economist.

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Single-family home building will experience an upswing in 2010 according to Ken Simonson, the Associated General Contractors of America’s chief economist.

It will be one of the few construction sectors to pick up this year, while multifamily building will continue to struggle.

Commercial building construction will continue to lag, Simonson said. “It will be a long time before you see an upswing in that.”

Federal stimulus money has kept many heavy and highway contractors working, Simonson said. But that work could dry up when stimulus money runs out, unless lawmakers pass a new highway bill.

Read the full story at the Daily Journal of Commerce.

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