Glass Construction Spending Declines Again

The value of nonresidential glass and glazing activity was down to finish the first quarter of 2021, according to Key Media & Research, a leading information provider to the glass industry and parent company of USGNN.com.

Architectural glass-related nonresidential construction fell 7% in March compared to a year ago, on a seasonally adjusted annualized basis.

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

Similar to recent months, nonresidential construction spending declined in all major categories relevant to architectural glass.

Commercial glazing activity was down by more than 8% due to a sharp 23% decline in hotel construction along with drops of 4% and 9% in the office and other commercial categories, respectively.

Perhaps the biggest trend change in the March data was in institutional construction. Institutional had previously held steady, though most recently glass-related activity in this segment was down by nearly 6%.

The main culprits to the March institutional decline were drops of more than 5% and 6% in healthcare and educational construction spending, respectively.

Nick St. Denis is the director of research for Key Media & Research, parent company of USGlass magazine and USGNN™. For more detailed insights, subscribe to his free quarterly glass and glazing update HERE.

This article is from USGNN™, the daily e-newsletter that covers the latest glass industry news. Click HERE to sign up—there is no charge. Interested in a deeper dive? Free subscriptions to USGlass magazine in print or digital format are available. Subscribe at no charge Sign up today.

This entry was posted in Featured News, News, Today's News and tagged , , , , , , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.