Construction spending is still ticking up in building segments that are important to the glass and glazing industry, according to analysis of new Census Bureau data by Key Media & Research (KMR). The latest jobs report from the Bureau of Labor Statistics supports this heightened activity and suggests employment in the industry is also increasing.

Construction

The value of construction put in place, on a seasonally adjusted annualized rate, was just over $1.3 trillion in May. This was up 0.4 percent from the previous month and 4.5 percent from the same time last year.

According to KMR’s projections, glass-related construction grew by 0.5 percent April 2018 to May 2018, and it increased by 4.9 percent compared to May 2017.

The five key nonresidential building segments for glass and glazing—lodging, office, commercial, healthcare and educational—all saw year-over-year increases. Lodging again led the way with a 13.5-percent surge from the previous year, followed by office (9.9 percent). Office had the largest month-over-month increase (1.5 percent) of the five.

Employment

Nonresidential specialty trade contractors, which include glaziers and ironworkers, increased employment by 4.3 percent from June 2017 to June 2018. That category saw a 0.1-percent uptick from May to June.

Overall construction employment was up 4.1 percent during the past 12 months, and average hourly earnings in the industry are up 2.9 percent from the same time last year.