Glass-Related Construction Spending Still Down in June

The value of nonresidential architectural glass and glazing activity was slightly down again in June, according to glass industry research firm Key Media & Research (KMR). Glass-related nonresidential construction spending decreased 1.2% from June 2019 and 0.6% from May 2020, at a seasonally adjusted annualized rate.

KMR’s glass and glazing activity figures are developed from the U.S. Census Bureau’s monthly construction spending report, with weighting and models applied to industry-relevant subsectors.

Despite the more-than-1% dip in architectural glass work, overall nonresidential construction actually increased 0.4% from June 2019 to June 2020.

Commercial

In June, commercial glass and glazing activity declined 2.7% from the same time a year ago, driven by a 14.6% decrease in lodging construction and a less extreme drop (-2.2%) in office work. On a month-over-month basis, glass-related commercial construction spending edged down 0.2%.

Institutional

Glass and glazing construction activity on institutional buildings saw a slight 0.6% uptick from June 2019 to June 2020, with the important healthcare segment increasing 1.7% and the educational sector falling 0.5%. From May 2020 to June 2020, institutional work declined 1%.

For More

For more in-depth analysis, Key Media & Research’s Glass and Glazing Quarterly Review is an information-packed one-page snapshot of the previous quarter’s activity and is free for industry members. To subscribe to the quarterly report, click here.

Nick St. Denis is the director of research at Key Media & Research, parent company of USGlass magazine.

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