The value of nonresidential glass- and glazing-related construction decreased again in August compared to a year ago. Activity fell by 4.7% 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 glass and glazing activity figures are adapted and modified from public construction spending data, with proprietary weighting and models applied to industry-relevant subsectors. “Spending” and “activity” are used interchangeably and represent the value of ongoing glass-relevant construction during a particular time period.
Commercial glazing activity was down 2.6% as lodging construction recorded another significant decline of just over 31%, while the office category dipped 5%. The “other” commercial category, however, saw an uptick of 5%.
The institutional segment of glass-related construction spending declined just over 7% year-over-year.
The educational category decreased nearly 8%, and healthcare building was virtually unchanged with a slight 0.1% dip. Public safety building also continued to pull back, falling nearly 36%.
On a month-to-month basis, overall nonresidential glass and glazing activity saw a 0.3% decline.
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.