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

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Presentation on theme: "Building Activity Update Division of Building Safety Presentation to the Board of County Commissioners March 4, 2008."— Presentation transcript:

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

2 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

3 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

4 RESIDENTIAL CONSTRUCTION Residential Building Permits 1998-2007 Value of Residential Construction 1998-2007

5 RESIDENTIAL PERMITS Moderate Growth through 2002 Housing “Boom” 2003 - 2006 2007 60% Below 2006

6 RESIDENTIAL VALUATION Strong Growth 2002 - 2006 2007 Equal to 2000

7 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

8 COMMERCIAL CONSTRUCTION Commercial Building Permits 1998-2007 Value of Commercial Construction 1998-2007

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

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

11 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

12 BUILDING TRENDS Comparative Building Valuations Orange County Is Unique

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

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

15 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

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

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

18 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

19 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

20 GREEN DEVELOPMENT Green Development Program Action Requested

21 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

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

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

24 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

25 ACTION REQUESTED Adoption of Orange to Green Development Program Resolution

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


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