Spending Declines in Nonresidential Glass-Related Construction

Nonresidential architectural glass and glazing activity was down again in April compared to a year ago. However, the decline was less drastic than the previous month, possibly signaling some moderation in the pandemic-induced downturn.

Spending in this segment fell 3.8% in April versus the same month in 2020 on a seasonally adjusted annualized basis, according to Key Media & Research (KMR), a leading information provider to the glass industry. Last month, KMR reported a much greater 7% decline from March 2020 to March 2021.

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 3.7%% due to a near-22% decline in hotel construction along with drops of 1.3% and 2.2% in the office and other commercial categories, respectively.

Glass-related activity in the institutional segment was down by nearly 3.9%. Educational construction was down 4.6%, and healthcare building fell by less than a half percent.

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.

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