03/01/2009

Modernization: Carpe Diem

Former Editor Jana J. Madsen talks about how what little you do have in the budget for repairs, upgrades, and renovations can be stretched a little further these days

By Jana J. Madsen, Former Editor

 

Jana J. Madsen,
Former Editor

If you’re among the 82 percent of Buildings subscribers who reported involvement in modernization projects during our recent 2009 Modernization and New Construction Trends in the Buildings Market survey, you’re in luck. While financing and capital are hard to come by, what little you do have in the budget for repairs, upgrades, and renovations can be stretched a little further these days. As Andrew Bohutinsky and Carlos Galvez reported in What Lies Ahead for Building Materials and Products, an article published in our January 2009 issue, weakened demand for commodities, such as oil, gas, and metals, has driven the cost of building materials down. Steel prices have dropped, and cement prices are also weakening. According to Reed Construction Data’s report in late January, construction material prices dropped 5.2 percent in December. While these prices were still 2.9-percent above the year prior, the research organization expects to report further declines for January and February. 

Staff Reporter Melissa Castro summed it up well in the Feb. 13 Washington Business Journal article, titled Building materials cost down dramatically, when she wrote, "Just as fuel prices have fallen from summertime highs, costs for building materials – from aluminum to uranium – also have declined dramatically, a boon for architects and their clients in search of Class-A office touches at Class-B prices." This is good news for those of you with projects in the pipeline – and many of you told us that you do. According to our survey findings, the average subscriber has eight separate modernization projects and four new construction projects under way.

There’s a real opportunity with weak demand and lower material costs to get more bang for your buck. Even though the economic outlook is grim, it seems that there’s no better time to seize the day when it comes to modernization.

 

 


Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.


When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.

Bluebeam® Revu® simplifies digital facilities document management from design review to leveraging as-builts, maintenance manuals and O&Ms submittals.

 


Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.


When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.

Bluebeam® Revu® simplifies digital facilities document management from design review to leveraging as-builts, maintenance manuals and O&Ms submittals.

 


 
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