Latest News in Commercial Glass

  • AGC: The recession is over! But not for construction
    April 3, 2009
    According to the Associated General Contractors of America it is growing more likely that real (inflation-adjusted) gross domestic product will rise slightly in the quarter that began on April 1 from the dismal levels of the first quarter. The growth is likely to pick up gradually through the rest of the year. But it will be very uneven, unlike the downturn, which affected all sectors.Tax...

  • Natural gas, suddenly abundant, is cheaper
    March 23, 2009
    The decline in crude oil prices gets all the headlines, but the first globalized natural gas glut in history is driving an even more drastic collapse in the cost of gas that cooks food, heats homes and runs factories in the United States and many other countries.Six giant plants capable of cooling and liquefying gas for export are due to come on line this year just as the economies of the Asian...

  • U.S. construction jobs seen weak for rest of 2009
    March 23, 2009
    The U.S. jobs sector hit hardest by the recession, construction, may not reach bottom until sometime next year.With one in five U.S. construction workers out of a job, prospects for the sector remain dim amid ongoing cuts in construction spending, a decline in nonresidential projects, and concerns that government stimulus will take months to have any measurable effect, industry experts say,...

  • Construction jobs, spending dive; Reed's starts rise; Manpower, fed outlooks grim
    March 13, 2009
    The unemployment rate in February climbed to 8.9 percent overall, not seasonally adjusted (8.1 percent seasonally adjusted) from 5.2 percent  in February 2008, and to 21.4 percent in construction from 11.4 percent, the Bureau of Labor Statistics reported on Friday. Nonfarm payroll employment shrank by 651,000 jobs in February, seasonally adjusted, and the estimates...

  • AGC: PPI, CPI show mixed patterns; McGraw-Hill new starts fall; retailers, utilities pull back
    February 24, 2009
    The Producer Price Index for finished goods climbed 0.9 percent in January, not seasonally adjusted (0.8 percent, seasonally adjusted), but fell 1.0 percent compared to January 2008, the Bureau of Labor Statistics reported on Thursday. The PPI for construction inputs fell 0.3 percent for the month, not seasonally adjusted, and rose 1.8 percent from a year...

  • Economist at auto glass conference says recovery's not imminent
    February 23, 2009
    A packed house of auto glass retailers and suppliers heard a fairly gloomy assessment of the nation’s short-term economic prospects during an in-depth presentation by noted economist Jeff Dietrich, Institute for Trend Research, Concord, N.H., at the 20th annual National Auto Glass Conference, Feb. 18-20, Orlando, Fla.Read the full presentation.

  • Business cuts drag down building orders
    February 13, 2009
    New orders in the building industry fell by more than a quarter in the final three months of last year, suggesting a sharp deterioration in business investment that is likely to cut deeply into the U.K. economy this year.Construction orders were down by 26 percent, but the fall was even greater when a jump in volatile infrastructure orders was excluded, figures from the Office for National...

  • Japanese stocks fall on Nomura share plan, Asahi Glass forecast
    February 9, 2009
    Japanese stocks fell as Nomura Holdings Inc.’s plan to bolster capital sparked concern ownership will be diluted and Asahi Glass Co. forecast a loss this year.Asahi Glass plummeted 10 percent to 466 yen [$5.07]. The company said on Feb. 6 it expects a net loss of 42 billion yen [$457,288,194] this year as a full-scale recovery in the global economy isn’t likely. That would mark its...

  • U.S. productivity advances; labor costs increase 1.8 percent
    February 6, 2009
    U.S. companies, struggling to contain escalating losses in the deepening recession, squeezed more output from their remaining workers last quarter.Productivity, a measure of employee output per hour, rose at a 3.2 percent annual rate in the fourth quarter, more than twice as much as forecast, a Labor Department report today in Washington showed. Labor costs climbed at a 1.8 percent rate, less...

  • Forecast update: When will construction hit bottom?
    January 30, 2009

    During a Jan. 27 Webinar, two leading construction economists answered the question, “Have we hit bottom?” Jim Haughey, chief economist for Reed Construction Data, forecasted the U.S. economy will hit bottom in late summer or early fall of 2009.

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What's Hot

  • Viracon to invest $30 million in new coater at Owatonna facility
    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....
  • PPG announces executive appointments; McGarry to lead flat glass businesses
    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....
  • ABI sees strongest growth since November 2007
    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...