Latest News in Commercial Glass

  • The Dodge Momentum Index climbed 8.1 percent in July after retreating a revised 2.4 percent in June, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning.The Momentum Index for July came in at 98.8, up from June's revised level of 91.4. Although...
  • Contractors showed slightly greater ability to roll price increases into their bids in April, according to an analysis of producer price index figures released May 11 by the Associated General Contractors of America.Indexes for new nonresidential buildings, which are a measure of what contractors estimate they would charge to put up a new building, increased 0.5 percent in April and 4.3 percent...
  • Led by the commercial sector, the Architecture Billings Index has remained in positive territory four months in a row, according to the American Institute of Architects.  AIA reported the February ABI score was 51.0, following a mark of 50.9 in January. This score reflects a slight increase in demand for design services. The new projects inquiry index was 63.4, up from 61.2 the previous...
  • The Architecture Billings Index has now reached positive territory three months in a row, according to the American Institute of Architects. AIA officials reported the January ABI score was 50.9, following a mark of 51.0 in December.“Even though we had a similar upturn in design billings in late 2010 and early 2011, this recent showing is encouraging because it is being reflected across most...
  • Construction employment growth remained sluggish and uneven in May as nearly half--22 states plus the District of Columbia--added jobs over the past year while the remaining states all lost construction jobs, according to an analysis by the Associated General Contractors of America of state employment data released by the Labor Department. Association officials said the figures reflect the fact...
  • Contractors suffered from a new round of price increases for key materials in May but were largely unable to pass their costs along to customers, according to an analysis of producer price index figures released June 14 by the Associated General Contractors of America. Association officials said the ongoing cost squeeze—a result of sluggish demand for construction—threatens to drive...
  • There are signs that the economy is recovering, even for contractors, but you have to look hard to see them, said FMI analysts in the FMI Corp. Construction Outlook for second quarter 2011.The costs of construction materials have been rising faster than the slow increase in construction activity would suggest. Construction markets are also affected by national and global uncertainties including...
  • Rents are rising, occupancy rates are high, and the apartment business is about to explode -- all of which spells good news for the multi-family construction business, according to an analyst for John Burns Real Estate Consulting, cited in a June 7 Home Channel News report. In her Housing Dimensions blog, VP Lesley Deutch cited pent-up demand from young adults, modest job recovery and...
  • On Thursday [March 25], Congress completed action on a reconciliation bill that modifies the newly enacted health care legislation and also replaces private lending for college student loans with direct lending from the U.S. Department of Education. President Obama was expected to sign the bill on Tuesday [March 29].The reconciliation bill eliminates the discriminatory definition of small...
  • 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...
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What's Hot

  • Oldcastle BuildingEnvelope, a CRH Group company, has executed a binding agreement, subject to regulatory approval, to acquire C.R. Laurence Co. Inc., according to an August 27 release.Headquartered in Los Angeles, California, CRL will continue to be independently managed and operated as a subsidiary of OBE and will retain all existing management structures and personnel. The company has eight...
  • Altus Capital Partners, an investment firm focused on middle market manufacturing companies in the United States, acquired GED Integrated Solutions Inc., according to a June 11 announcement. The acquisition will support GED’s continued growth, according to the release. The financial terms of the investment were not disclosed.“We are very excited to now be partnering with Altus Capital Partners as...
  • Officials from Tennessee’s Heritage Glass temporarily suspended operations on May 27, according to a company release, as reported by News Channel 11 in Johnson City, Tennessee. Executives say they are exploring a “potential reinvestment and reorganization situation” for the company.Heritage Glass was formed last year when the company purchased the former AGC North America Blue Ridge glass...