Nonresidential glass- and glazing-related construction spending was down significantly in June compared to a year ago. Activity fell by nearly 9% year-over-year on a seasonally adjusted annualized basis, according to Key Media & Research (KMR), a leading information provider to the glass industry.
KMR’s architectural 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.
For the second straight month, nonresidential construction spending declined at a notable rate in all major categories relevant to architectural glass.
Commercial glazing activity was down 8% as hotel construction recorded another significant decline of nearly 27%, while the office category fell just under 10%. The “other” commercial category saw a dip of over 2%.
The institutional segment of glass-related construction activity declined by more than 9% year-over-year.
The educational category was down by just under 11%, and healthcare building declined by more than 3%. Public safety building, which was a major strength earlier in the year, also continued its recent pullback, falling more than 37%.
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.