Latest News in Retail Glass

  • Global Flat Glass market is expected to reach $124.14 billion by 2022, according to a new study by Grand View Research Inc. Rising awareness regarding benefits of glass usage in building and construction including safety, security and energy savings is expected to drive flat glass market over the forecast period.Product innovations in terms of improved characteristics coupled with introduction of...
  • 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...
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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...