Commercial Glass-Related Construction Nearing a Rebound; Institutional Slower to Turn

Nonresidential glass- and glazing-related construction spending declined again in September compared to a year ago. Activity fell by 3.3% 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.

The ongoing decline in commercial glazing activity appears to be less severe as the year goes on, as spending in this sector decreased at a rate of less than 1%. The lodging category continued its dramatic decline with a near 34% drop and office was down by just over 4%, but the “other” commercial subcategory saw a double-digit increase of just over 10%.

While the commercial downturn seems to be softening, the institutional segment of glass-related construction spending is lagging with a dip of roughly 6%. The educational category was down 7%, though healthcare building saw a moderate 2% bump up.

On a month-to-month basis, overall nonresidential glass and glazing activity saw a 0.2% decline, another indicator that better months are ahead as 2021 closes and 2022 kicks off.

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.

1 Response to Commercial Glass-Related Construction Nearing a Rebound; Institutional Slower to Turn

  1. Pingback: Being Thankful for Progress - Commercial Commentary

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Your email address will not be published.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.