Latest News in Commercial Glass
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November 26, 2012Billings at architecture firms in October accelerated to their strongest pace since December 2010, according to the most recent Architecture Billings Index. The American Institute of Architects reported the October ABI score was 52.8, up from the mark of 51.6 in September. “With three straight monthly gains – and the past two being quite strong – it’s beginning to look like demand for design...
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October 24, 2012Billings at architecture firms in September increased at their fastest pace since late 2010, according to the most recent Architecture Billings Index. The American Institute of Architects reported the September ABI score was 51.6, up from the mark of 50.2 in August. “Going back to the third quarter of 2011, the multi-family residential sector has been the best performing segment of the...
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October 8, 2012The Dodge Momentum Index retreated 0.8 percent in September compared to August, according to McGraw-Hill Construction. The Momentum Index is a monthly measure of the first report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.The September Momentum Index came in at 94.7, down from a revised 95...
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October 1, 2012The “Commercial Building Modernization Act” (S. 3591) would create thousands of U.S. construction and manufacturing jobs by spurring energy efficient retrofits of commercial and multifamily buildings, according to an industry-conservation alliance that includes The Real Estate Roundtable, the Natural Resources Defense Council and the U.S. Green Building Council. The recently introduced...
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September 26, 2012Spurred by gains in construction spending and a rebound in housing completions, demand for windows and doors in the United States is forecast to rise 9.3 percent per year over the next several years, according to a new report from The Freedonia Group Inc. Total demand for the nonresidential and residential markets is expected to reach $34.2 billion by 2016, up from $21.2...
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September 26, 2012The U.S. Census Bureau reported that total construction spending fell 0.9 percent in July to $834.4 billion after rising 0.4 percent in June, ending three months of consecutive increases. On a positive note, year-to-date, construction spending was up 9.3 percent from the same period last year, according to a September 25 Reed Construction Data release.Nonresidential building construction...
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September 20, 2012“Make your move,” economist Jeff Dietrich advised the 200 attendees at the 2012 Glazing Executives Forum, held Sept. 13 as part of GlassBuild America in Las Vegas. "Invest time, money, personnel. Move forward and innovate," said the senior analyst for the Institute for Trend Research. "Embrace uncertainty. Get over the fear and the past. This is not about looking forward through the rearview...
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September 19, 2012On the heels of a nearly three-point increase, the Architecture Billings Index climbed into positive terrain for the first time in five months this August. The American Institute of Architects reported the August ABI score was 50.2, up from the mark of 48.7 in July.“Until the economy is on firmer ground, there aren’t likely to be strong increases in demand for design services,” said AIA...
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September 4, 2012Construction spending in July maintained consistent year-over-year growth despite a pullback from the June peak, according to an analysis of new federal data released today by the Associated General Contractors of America.“The July spending numbers send a very mixed message,” said Ken Simonson, the association’s chief economist, in a Sept. 4 release. “Construction of new homes, apartments and...
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August 22, 2012“Even though architecture firm billings nationally were down again in July, the downturn moderated substantially,” said AIA Chief Economist Kermit Baker, when discussing the latest Architecture Billings Index numbers in an August 22 AIA release.The American Institute of Architects reported the July ABI score was 48.7, up considerably from the mark of 45.9 in June and pointing to a slower decline...
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Viracon, Inc. officials announced that the glass fabricator will make an investment of more than $30 million at its Owatonna, Minn., facility, to install a new coater. The company decided to install the new coating technology in Minnesota because the Owatonna facility is centrally located and has the most extensive product capabilities and technical talent, according to a release....
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Officials of PPG Industries announced several executive appointments, February 21, that are effective immediately.Michael McGarry, PPG executive vice president, has assumed leadership responsibility for the company’s flat glass businesses. He will also lead PPG's architectural coatings businesses in the Americas and Asia Pacific, as well as the Europe, Middle East and Africa (EMEA) region....
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As the prognosis for the design and construction industry continues to improve, the Architecture Billings Index is reflecting its strongest growth since November 2007, according to the American Institute of Architects. The January ABI score was 54.2, up sharply from a mark of 51.2 in December.“We have been pointing in this direction for the last several months, but this is the strongest...
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