Latest News in Fabrication Glass
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March 30, 2010The construction industry is signaling that industry conditions may begin to improve over the next 12 to 18 months, according to a survey in today's issue of Engineering News-Record magazine and on ENR.com, published by McGraw-Hill Construction, New York City. The ENR Construction Industry Confidence Index (CICI) for the first quarter of 2010 shows that construction and design firm executives are...
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December 14, 2009Construction's unemployment rate continued to rise in November, climbing to 19.4 percent from October's 18.7 percent, while the nation's overall jobless rate declined slightly, the Bureau of Labor Statistics has reported.Job creation has become a prime topic in Washington, as congressional Democrats work on new measures aimed at bringing more people back to work. Infrastructure spending is...
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December 11, 2009The good news about the world economic recovery is coming fast and furious. Chinese industrial production is growing at an amazing rate; U.S. retail sales are almost back to levels of a year ago; and home prices in Canada, for both new and existing properties, are on an upswing.
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December 7, 2009Despite a slowing in the number of construction workers losing jobs in November, 19.4 percent of the nation's construction workers are now unemployed according to new federal figures released today. The figures show that unemployment rates within the construction industry remain significantly higher than any other sector of the economy, the Associated General Contractors of America said."The...
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November 13, 2009Pointing to a complete lack of available financing and new projects going into the pipeline, Peter Linneman, consultant and professor, Wharton School of Business, said supply and demand fundamentals for the commercial construction market will remain weak through 2013, during a keynote session at the 2009 Building and Infrastructure Conference hosted by Lincoln International and L.E.K. Consulting...
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October 26, 2009“Reports from the 12 Federal Reserve Districts indicated either stabilization or modest improvements in many sectors since the last report, albeit often from depressed levels,” the Fed reported on Wednesday [Oct. 21] in the Beige Book (so named for the color of its cover), a summary of informal soundings of business conditions conducted in each district fromlate August to Oct. 12....
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October 19, 2009"The level of construction starts in 2010 is expected to climb 11 percent," McGraw-Hill Construction forecasted on Friday [Oct. 16], "following the 25 percent decline predicted for 2009. 'The U.S. construction market in 2010 will be helped by growth for several sectors, following three straight years of decline that brought total construction activity down 39 percent from its mid-...
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October 19, 2009This is a record year for Trainor Glass Co., but next year won't be.Or the year after.Or, God forbid, maybe even the year after that."Our company is preparing as if this is it for a while," said Bob Trainor, chief executive of the family-run glazing contractor based in Alsip [Ill.]. "People aren't spending money."It's reality check time.The Dow Jones industrial average did...
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October 16, 2009McGraw-Hill Construction, part of The McGraw-Hill Cos., today released its 2010 Construction Outlook, a mainstay of business planning for construction and manufacturing executives, which forecasts an increase in overall U.S. construction starts for next year, according to an Oct. 16 release. Due to improvement for housing from extremely low levels and broader expansion for public works, the level...
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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...
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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