Determining the true cost of a building material requires evaluating the product over its life cycle and taking into account environmental as well as monetary costs. By these measures, wood frequently offers significant overall efficiencies over comparable materials such as concrete and steel.
From the Mass Timber Conference here is what some of the industry leaders are saying when it comes to the economics of mass timber. To learn more about the economics of building with wood, take our Economic Benefits of Building with Wood Webinar.
Comparing Cross Laminated Timber with Concrete + Steel: A financial Analysis of Two Buildings
There is a great body of research on the performance of CLT however there is a general gap in the financial performance of CLT in comparison with a traditional concrete structure. Dylan Cazemier shares his look into how CLT could result in greater financial returns than traditional steel and concrete structures and his approach to using research and evidence to help inform developers on using CLT instead of concrete.
Many factors affect affordability in projects including:
- Land costs
- Development costs
- Local regulations
- Financing costs
- Construction costs
- Exchange rates
- Market factors
Nate Bergen and Ralph Austin of Seagate Structures get specific about cost comparisons and estimates per thousand square feet and how wood’s competitive advantages for making high quality housing more affordable.
Without market responsive solutions to housing, projects are non-starters. Ted Panton of GGLO talks density through the lens of 4 different project designs.