The estimated value of nonresidential glass- and glazing-related building activity increased slightly in March from February and is still notably higher than it was a year ago. Institutional and public construction continues to provide a major lift to the industry, according to Key Media & Research (KMR), a leading information provider to the glass industry.

Nonresidential glass and glazing activity improved by 0.3% on a monthly basis while increasing 9.7% from March 2023 to March 2024 at a seasonally adjusted annualized rate.

“The numbers would come in a bit flatter when accounting for inflation, but they are still encouraging,” says Nick St. Denis, KMR’s director of research. “In fact, the year-over-year rate of change was a slight improvement from what we saw in last month’s report.”

He adds that, as expected, the institutional segment led the way, with strong gains in all relevant subsectors—most notably the large educational category.

Institutional glass and glazing-related spending increased by 15% year over year, while commercial expanded by 6%. On a monthly basis, commercial was down 0.1%, and institutional climbed 0.7%.

KMR’s glass and glazing spending figures are adapted and modified from private and public construction spending data, with proprietary weighting and models applied to industry-relevant subsectors.

Nick St. Denis is the director of research for Key Media & Research, parent company of USGlass magazine, USGNN™ and the new glass industry resource GlassData™. For more detailed insights, subscribe to KMR’s free quarterly glass and glazing update HERE.

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