The value of architectural glass-related nonresidential construction was notably higher in September compared to a year ago. Spending for glass and glazing activity increased by just over 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 glass and glazing activity figures are adapted and modified from private and public construction spending data, with proprietary weighting and models applied to industry-relevant subsectors.
On a month-to-month basis, overall nonresidential glass and glazing activity edged down by just under a half-percent.
Commercial glass and glazing-related spending increased by nearly 14% year-over-year. While office construction remained somewhat flat, the lodging segment bounced back with a 16% uptick from September 2021 to the same month this year. The third subsector covering the remaining commercial building types spiked over 22%.
A 7% increase in healthcare building paired with a more than 1% bump in educational construction resulted in a near 4% improvement institutional glass and glazing activity.
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.