Latest News in Retail Glass

  • Home remodeling spending expected to see 5.9 percent increase in 2012
    April 23, 2012
    After two years of bouncing around a bottom, remodeling activity is expected to pick up later this year, according to the Leading Indicator of Remodeling Activity, released April 19 by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.Stronger pending home sales and continuing low interest rates are contributing to the rise. The LIRA projects annual...

  • Remodeling Market Index hits five-year high

    January 30, 2012
    Remodeling sentiment rose to the highest level in five years, according to the National Association of Home Builders’ Remodeling Market Index for the fourth quarter of 2011. The RMI increased to 46.6 in the fourth quarter from 41.7 in the third quarter, while the RMI component measuring current market conditions rose to 48.4 from 43.0 in the previous quarter. The RMI component measuring future...

  • Construction spending drops to 2002 levels
    April 2, 2010
    Construction spending tumbled in February by $11.6 billion, or 1.3 percent, to $846 billion, a low last recorded in 2002, according to an analysis of new federal figures by the Associated General Contractors of America, Arlington, Va. Declines occurred relative to both the month before and February 2009 in most categories of private residential and nonresidential construction, as well as public...

  • Heavily subsidized Chinese glass industry hurting U.S. manufacturers, report says
    October 8, 2009
    The Economic Policy Institute, Washington, D.C., in conjunction with Dr. Usha Haley of Harvard University, released a report, "Through China’s Looking Glass: Subsidies to the Chinese Glass Industry from 2004-2008," Oct. 8. Specific findings include:Since 2003, glass production in China has more than doubled. Concurrently, production capacity in China has doubled since 2003...

  • Construction spending slips but homebuilding rises
    September 2, 2009
    Construction spending in July totaled $958 billion at a seasonally adjusted annual rate (SAAR), 0.2% less than the downwardly revised June total and 10.5% less than in July 2008, the Census Bureau reported today.Private nonresidential spending fell for the fifth month in a row, slumping 1.2% in July, after tumbling 2.2% in June. Losses were most acute for developer-financed categories: lodging, -...

  • July construction jumps 6 percent
    August 26, 2008
    The value of new construction starts advanced 6 percent in July to a seasonally adjusted annual rate of $578 billion, it was reported by McGraw-Hill Construction, a division of The McGraw-Hill Cos., New York. Led by the start of two massive electric power plants plus healthy gains for several public works categories, the nonbuilding construction sector climbed sharply. In addition, residential...

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  • 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...