Institutional-related construction activity leads the way in keeping nonresidential glass and glazing at elevated levels. This is according to Key Media & Research (KMR), a leading information provider to and for the glass industry.

The value of architectural glass-related nonresidential construction was nearly 11% higher in November 2023 than the previous year at a seasonally adjusted annualized rate.

On a monthly basis, nonresidential glass and glazing activity decreased by nearly half a percent from October to November.

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.

“The year-over-year growth rate on the commercial side of nonresidential continued to come down as 2023 neared its end,” says Nick St. Denis, KMR’s director of research. “Fortunately, the major institutional categories—namely educational and healthcare—are doing the heavy lifting and keeping the overall value of activity at healthy levels.”

Institutional glass and glazing-related spending increased by nearly 14% year-over-year, while commercial expanded by 8%. However, compared to the previous month, both main categories and all relevant subsectors within them witnessed either no change or a slight decline.

“While the year-over-year numbers from 2022 to 2023 remain positive, they are not adjusted for inflation, so the volume of activity is likely flatter than the dollar value indicates,” says St. Denis. “Additionally, the month-over-month decline in both commercial and institutional signals the deceleration we’ve been pointing to in 2024.

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 detailed insights, subscribe to KMR’s free quarterly glass and glazing update HERE.

*Stay tuned to USGlass magazine and USGNN™ for the upcoming release of the 2024 Glass and Glazing Industry Outlook.*

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