January 7, 2010
Tight lending standards have the industry in a chokehold, as builders and developers, business owners, and consumers struggle to secure the financing necessary to bankroll construction projects, invest in personnel and equipment, and purchase or remodel homes.
Experts at Outlook 2010 say economy is on the mend, but recovery will be slow, difficult
November 19, 2009
The recession that gripped the nation since December 2007 is beginning to end, but we are not out of the woods, said the economists at the Outlook 2010 Executive Conference, Oct. 15-16, Washington, D.C.
November 4, 2009
The financial crisis has had a deep impact on economic activity over the last 18 months. What started as a problem related to the securitization of sub-prime mortgages has expanded to affect practically all aspects of the economy.
November 4, 2009
Ken Simonson, chief economist for the Associated General Contractors, Arlington, Va., said $135 billion of the $787 billion stimulus package would likely end up being used for various construction projects. He expected about $30 billion to $40 billion of that amount to be spent this year.The table below breaks down stimulus spending by category and agency.
Industry prepares for economic rebound
October 31, 2009
We’re closing in—if we’re not there already—to the bottom of the trough, said Rod Van Buskirk, president, Bacon and Van Buskirk, Champaign, Ill., during the State of the Industry panel discussion, Sept. 30, at GlassBuild America: The Glass, Window & Door Expo, in Atlanta. “It could get worse, but I don’t think it’s going to get too much worse, if it...
Opportunty lies in products that combine energy-efficiency and impact-resistance
September 22, 2009
Protective glazing usage has slowed down since the beginning of 2007. The government is the biggest user of protective glazing, but in recent times its focus has shifted to energy savings and green glass.See the attached graphs for a breakdown of usage by region and sector, and expected usage change over the next five years.
Where the opportunities are
September 21, 2009
Institutional construction spending has held its own through the recession (see attached graphs), and will see a decent amount of funding through the American Recovery and Reinvestment Act.Read the full article.
July 1, 2009
The pace of U.S. job losses slowed down in May, sparking hopes that the recession is drawing to a close. However, the jobless rate reached its highest level in 26 years, according to a June 8 article in The Wall Street Journal. Click on the link below to download a free PDF of the full article.
Existing buildings, commercial and institutional sectors head activity
May 6, 2009
Green construction promises to show an uptick in the next few years as a direct consequence of the American Recovery and Reinvestment Act of 2009 that includes $39 billion in energy investments at the Department of Energy and $20 billion in tax incentives for clean energy.Click on the link below to download a free PDF of charts that show the growth of green construction across the globe and in...
How are you keeping employees' spirits up amidst these tough economic conditions and the consequent plant closings and layoffs?
February 23, 2009
CommercialRussell J. Ebeid, president, Glass Group, Guardian Industries Corp., Auburn Hills, Mich."I tell them three things. First, we are financially in good shape ... We are not concerned with taking business just to take business. Second, because we’re financially in good shape and other companies are not doing as well, we see that as an opportunity. This is a year of opportunity....