Latest News in Retail Glass

  • Construction employment increased in 26 states between July and August, and in 35 states for the year, according to an analysis of Labor Department data by the Associated General Contractors of America, published in a Sept. 20 report. The AGC remains cautious, however, as construction employment remains below peak levels in most states.“While we would all like to see even more robust growth, it...
  • The global flat glass market is expected to grow at an annual rate of 9.34 percent from 2012 to 2016, driven by increased demand from the construction and automotive sectors, according a forecast report from TechNavio, released Sept. 6. The report covers market trends, market drivers, challenges to growth, market opportunities and threats, and additional information about key vendors in the...
  • Overall construction will continue to experience growth—perhaps even accelerated growth—through 2014, according to economists during Reed Construction Data's mid-year forecast, "Riding the Roller Coaster: Ups and downs in construction, spending, materials and labor." The forecast webinar took place May 9 and the archived presentation is available for online viewing. "Commercial construction...
  • World demand for flat glass is forecast to rise 6.3 percent per year through 2016 to 8.3 billion square meters, according to a new Freedonia study. Analysts anticipate the global market value of fabricated flat glass will exceed $100 billion by 2016.The "World Flat Glass Industry" report, available through reportlinker.com, predicts U.S. demand for flat glass will continue to recover through 2016...
  • The U.S. construction sector, in addition to the overall economy, will continue to accelerate at a mild pace throughout 2013, according to the ITR Trends 10 report from ITR Economics. “2013 will be better than 2012,” says Jeff Dietrich, senior analyst. “2013 will see changes in taxes, but the economy overall is relatively stable and still growing, albeit at a milder pace than many would like. …...
  • McGraw-Hill Construction, part of The McGraw-Hill Companies, presented the 2013 Dodge Construction Outlook at the 74th annual Outlook Executive Conference in Washington, D.C., this week. The report predicts total U.S. construction starts in 2013 will rise 6 percent to $483.7 billion, slightly higher than the 5 percent increase estimated for 2012."As reported by McGraw-Hill Construction...
  • Mutlifamily starts are expected to increase more than 30 percent this year, an additional 20 percent in 2013 and another 9 percent in 2014, said Kermit Baker, chief economist for the American Institute of Architects, at the recent Window and Door Manufacturers Association Executive Management Conference in Boston. "Even with this, we’ll still be at 305,000 starts, well below the peak of 400,...
  • A sharp spike in demand for industrial facilities, along with sustained demand for hotels and retail projects, could translate into a 4.4 percent rise in nonresidential construction spending this year, according to the American Institute of Architects semi-annual Consensus Construction Forecast. The survey of leading U.S. construction forecasters also projects a 6.2 percent increase of spending in 2013.
    “With companies looking to bring back manufacturing jobs from overseas, there has been a sharp rise in demand for industrial facilities, which is leading to an upward revision in projections for future construction spending,” said AIA Chief Economist Kermit Baker, in an August 2 release. “Continued budget shortfalls at the state and local level, along with a depressed municipal bond market are holding the institutional market back from seeing similar upticks in spending.”
    The AIA semi-annual Consensus Construction Forecast by segment is as follows: 

  • With home sales picking up and contractors seeing more positive business conditions in the future, remodeling activity in the United States is in a position to see accelerated growth by the end of this year and into 2013, according to the Leading Indicator of Remodeling Activity released, July 19, by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.The...
  • A new report from the American Architectural Manufacturers Association and the Window & Door Manufacturers Association predicts sales of nonresidential fenestration products will continue to fall this year before a modest recovery begins in 2013, according to a June 26 Window & Door article. Prepared by Ducker Worldwide, the AAMA/WDMA 2011/2012 U.S. Industry Statistical Review...
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What's Hot

  • Officials from Saint-Gobain announced it acquired a controlling interest in Sika for $2.8 billion. Saint-Gobain purchased the controlling share—16.1 percent of Sika’s capital and 52.4 percent of its voting rights— in a confidential auction process from the Burkard-Schenker family, which owns the majority stake in Sika, according to a Dec. 8 Reuters report.“Given the proximity of Sika’s activities...
  • Trulite Glass & Aluminum Solutions LLC has finalized its acquisition of Houston-based Texas Tempered Glass Inc., a producer of high performance glass products for architectural, industrial, commercial and custom applications, as of Nov. 19, 2014. Financial terms of the private transaction were not disclosed.With the completion of this transaction, Trulite will expand its presence in the Texas...
  • Things are looking up for the worldwide glass industry, as an optimistic outlook and overall mood permeated the show floor during glasstec 2014, held Oct. 21-24 in Düsseldorf, Germany. Following glasstec 2012, a successful event in the face of economic uncertainty, glasstec 2014 indicated positive market developments after several years of a sluggish North American and worldwide economy....