Construction spending in most glass-heavy building sectors declined in April, according to USGNN.com™ analysis of recently released U.S. Census Bureau data.
Nonresidential and residential construction declined by 1.7 and 0.9 percent, respectively, from March to April on a seasonally adjusted, annualized basis. Overall construction was down 1.4 percent.
Here’s how the six most glass-friendly segments broke down:
Two other categories that sometimes use large amounts of glass depending on the portion of the project being implemented—transportation and amusement/recreation—also saw monthly declines of 1.3 and 4.7 percent, respectively.
The fact that not a single sector we focus on saw an increase in spending last month is a bit concerning. However, strong year-over-year increases—particularly in the ever-important office and commercial areas—are positive signs for the glass and glazing industry.
Additionally, three of the six categories (office, commercial and healthcare), logged double-digit increases in their year-to-date totals. Overall, the industry’s optimistic outlook entering 2017 has been for the most part answered, and we’ll continued to track the monthly data to get an even better idea of how the year shapes out.