Latest News in Commercial Glass
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September 9, 2009Nonfarm payroll employment fell by 216,000 and the unemployment rate climbed to 9.7 percent in August, seasonally adjusted (9.6 percent, not seasonally adjusted), the Bureau of Labor Statistics reported on Friday [Sept. 4]. The job drop overall was the smallest in a year, but construction employment fell 65,000, close to the average for the past three months. That decline accounted for 30...
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August 27, 2009Few states were immune from construction employment declines this July based on an analysis of federal employment data released today by the Associated General Contractors of America. That analysis found that 47 states saw declines in construction employment, while only two states saw increases and one saw no change in construction employment between July 2008 and July 2009."There aren't a...
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August 11, 2009Nonfarm payroll employment fell in July by 247,000, seasonally adjusted, about half the monthly rate over the 12 months since July 2008, when jobs losses totaled 5,740,000, the Bureau of Labor Statistics reported on Friday [Aug. 7]. In contrast, construction employment fell by 76,000, only slightly less than the 12-month average loss of 88,000 per month.Construction accounted for 30 percent ...
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August 4, 2009Construction spending in June totaled $966 billion at a seasonally adjusted annual rate, 0.3 percent above the revised May estimate but 10 percent below the June 2008 level, the Census Bureau reported on Monday [Aug. 3]. Private residential spending was up 0.5 percent for the month but down 30 percent from a year earlier, as new single-family construction increased 2.4 ...
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July 30, 2009The stimulus plan appears to be having little influence on construction companies' ability to expand payrolls to date, according to a new industry analysis of the impact of the federal program's construction spending released today by the Associated General Contractors of America, Arlington, Va. The "disappointingly" slow pace of construction spending outside of the transportation...
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July 28, 2009Construction employment declined in all but 19 communities nationwide this June as compared to June-2008, according to a new analysis of metropolitan-area employment data released today by the Associated General Contractors of America. The analysis, which ranks the 12-month construction employment change reported by the Bureau of Labor Statistics for 352 metro areas, shows that few places in...
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July 22, 2009The value of nonresidential construction starts in June "decreased 71 percent from May, more than offsetting the 27 percent increase the previous month," Reed Construction Data Chief Economist Jim Haughey reported on Thursday [July 16], based on Reed's compilation of starts. "Every construction category declined significantly in June. ... The May-June boom/bust is...
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July 15, 2009The producer price index for finished goods jumped 1.8 percent in June, seasonally adjusted (1.9 percent, not seasonally adjusted), but was still down 4.6 percent from the June 2008 level, the Bureau of Labor Statistics reported [July 14]. The PPI for inputs to construction industries, a weighted average of materials used in all types of construction plus items consumed by contractors (such...
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July 10, 2009Nonfarm payroll employment shrank by 467,000 jobs in June, seasonally adjusted, bringing the 12-month total loss to 5,664,000 (-4.1 percent), the Bureau of Labor Statistics reported on Thursday [July 2]. The unemployment rate rose to 9.7 percent, not seasonally adjusted (9.5 percent, seasonally adjusted). Construction again had the highest industry unemployment rate, 17.4 percent, not seasonally...
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June 23, 2009Global demand for windows and doors (fenestration) is forecast to grow 4.3 percent per annum to $167 billion in 2013, roughly one-half the pace achieved between 2003 and 2008. Much of this deceleration will be caused by projected declines in prices for plastic and metal windows and doors from their elevated 2008 level, but a weak outlook for building construction in the large West European market...
What's Hot
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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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