Building Activity Update Division of Building Safety Presentation to the Board of County Commissioners March 4, 2008.

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Presentation transcript:

Building Activity Update Division of Building Safety Presentation to the Board of County Commissioners March 4, 2008

Residential Construction Commercial Construction Building Trends Forecast Summary Green Development Action Requested Residential Construction Commercial Construction Building Trends Forecast Summary Green Development Action Requested PRESENTATION OVERVIEW

Residential Construction Commercial Construction Building Trends Forecast Summary Green Development Action Requested Residential Construction Commercial Construction Building Trends Forecast Summary Green Development Action Requested BUILDING ACTIVITY UPDATE

RESIDENTIAL CONSTRUCTION Residential Building Permits Value of Residential Construction

RESIDENTIAL PERMITS Moderate Growth through 2002 Housing “Boom” % Below 2006

RESIDENTIAL VALUATION Strong Growth Equal to 2000

Residential Construction Commercial Construction Building Trends Forecast Summary Green Development Action Requested Residential Construction Commercial Construction Building Trends Forecast Summary Green Development Action Requested BUILDING ACTIVITY UPDATE

COMMERCIAL CONSTRUCTION Commercial Building Permits Value of Commercial Construction

COMMERCIAL PERMITS Mostly Stable Through 2002 Strong Commercial Growth 03 – 06

COMMERCIAL VALUATION Reaction to 9/11 Begins In 2002 Large Projects Return in 2007

Residential Construction Commercial Construction Building Trends Forecast Summary Green Development Action Requested Residential Construction Commercial Construction Building Trends Forecast Summary Green Development Action Requested BUILDING ACTIVITY UPDATE

BUILDING TRENDS Comparative Building Valuations Orange County Is Unique

BUILDING TRENDS Housing – Moderate Increases 98 – 03 High Rise Projects Decline In 2002 Large Projects Return In 2007

BUILDING TRENDS Orange County Is Unique! Downtown Orange County Convention Center Attractions Growing Economic Diversity High Tech Industry Growth

Residential Construction Commercial Construction Building Trends Forecast Summary Green Development Action Requested Residential Construction Commercial Construction Building Trends Forecast Summary Green Development Action Requested BUILDING ACTIVITY UPDATE

FORECAST McGraw-Hill Construction Index Fishkind & Associates Report Historic Data New Projects

FORECAST Residential – Slow Recovery in 2009 Commercial – Small and mid size Projects Slowing through 2008 Large Commercial – Steady in the Convention Center Area

Residential Construction Commercial Construction Building Trends Forecast Summary Green Development Action Requested Residential Construction Commercial Construction Building Trends Forecast Summary Green Development Action Requested BUILDING ACTIVITY UPDATE

SUMMARY Residential Building Remains Marginal Through 2008 Builders Looking Forward to New Markets and Directions Small and Medium Commercial Projects Slowing Through 2008 Large Commercial Projects Doing Well Into 2009

GREEN DEVELOPMENT Green Development Program Action Requested

GREEN DEVELOPMENT Challenges – Multiple Standards Are Confusing Need Vision, Clarity, Direction Long Term Return on Investment Few Incentives for Owners Private Sector Interested But Not Motivated

GREEN DEVELOPMENT Actions - Local Government Leadership Climate Change Implementation Plan Action Plan for County Buildings Orange To Green Development Program

ORANGE TO GREEN DEVELOPMENT PROGRAM Green Carpet Service Expedited Permitting & Development Review Community Recognition Design Awards

Residential Construction Commercial Construction Building Trends Forecast Summary Green Development Action Requested Residential Construction Commercial Construction Building Trends Forecast Summary Green Development Action Requested BUILDING ACTIVITY UPDATE

ACTION REQUESTED Adoption of Orange to Green Development Program Resolution

Building Activity Update Division of Building Safety Presentation to the Board of County Commissioners March 4, 2008

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