Renovation as A business opportunity

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

Abstract

The building stock and its connected flows can be viewed and analysed from a number of perspectives. Today, the dominant issue regarding the building stock is the challenge to cut greenhouse gas emissions. The question of whether old buildings should be rebuilt or renovated has been a key focus of research and literature. The rebuild option should result lower renovation activity than has expected. Renovation could, however, be a growing market if the building stock is upgraded. The focus of the study is commercial renovation, which has been analysed from the demand-supply perspective at the industry level. The construction economics and evolutionary economics theories have been applied to the analysis of demand and supply, respectively. The main research material consists of three cross-sectional surveys and official statistics. Renovation covers a diverse range of business sectors. In some of these sectors the customers, operating methods and building technologies used are virtually identical to new construction. The development of information technology and production technologies has helped construction sector companies to meet this type of demand in both markets. Traditional construction sector companies have not viewed the more challenging renovation market as an attractive enough option. As a result, buildings are demolished or rebuilt instead of repaired or renovated.
Original languageEnglish
Title of host publicationProceedings of the 6th Nordic Conference on Construction Economics and Organisation - Shaping the Construction/Society Nexus
EditorsKim Haugbølle, Stefan Christoffer Gottlieb, Kalle E. Kähkönen, Ole Jonny Klakegg, Göran A. Lindahl, Kristian Widén
Place of PublicationCopenhagen
Pages653-664
Volume3
Publication statusPublished - 2011
MoE publication typeA4 Article in a conference publication
Event6th Nordic Conference on Construction Economics and
Organisation – Shaping the Construction/Society Nexus
- Copenhagen, Denmark
Duration: 13 Apr 201115 Apr 2011

Conference

Conference6th Nordic Conference on Construction Economics and
Organisation – Shaping the Construction/Society Nexus
CountryDenmark
CityCopenhagen
Period13/04/1115/04/11

Fingerprint

Construction sector
Evolutionary economics
Greenhouse gas emissions
Industry
Information production
Official statistics
Production technology
Economic theory
Economics
Business sector
Demand and supply

Keywords

  • building stock
  • refurbishment
  • renovation
  • evolutionary economics
  • industry

Cite this

Vainio, T. (2011). Renovation as A business opportunity. In K. Haugbølle, S. C. Gottlieb, K. E. Kähkönen, O. J. Klakegg, G. A. Lindahl, & K. Widén (Eds.), Proceedings of the 6th Nordic Conference on Construction Economics and Organisation - Shaping the Construction/Society Nexus (Vol. 3, pp. 653-664). Copenhagen.
Vainio, Terttu. / Renovation as A business opportunity. Proceedings of the 6th Nordic Conference on Construction Economics and Organisation - Shaping the Construction/Society Nexus. editor / Kim Haugbølle ; Stefan Christoffer Gottlieb ; Kalle E. Kähkönen ; Ole Jonny Klakegg ; Göran A. Lindahl ; Kristian Widén . Vol. 3 Copenhagen, 2011. pp. 653-664
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title = "Renovation as A business opportunity",
abstract = "The building stock and its connected flows can be viewed and analysed from a number of perspectives. Today, the dominant issue regarding the building stock is the challenge to cut greenhouse gas emissions. The question of whether old buildings should be rebuilt or renovated has been a key focus of research and literature. The rebuild option should result lower renovation activity than has expected. Renovation could, however, be a growing market if the building stock is upgraded. The focus of the study is commercial renovation, which has been analysed from the demand-supply perspective at the industry level. The construction economics and evolutionary economics theories have been applied to the analysis of demand and supply, respectively. The main research material consists of three cross-sectional surveys and official statistics. Renovation covers a diverse range of business sectors. In some of these sectors the customers, operating methods and building technologies used are virtually identical to new construction. The development of information technology and production technologies has helped construction sector companies to meet this type of demand in both markets. Traditional construction sector companies have not viewed the more challenging renovation market as an attractive enough option. As a result, buildings are demolished or rebuilt instead of repaired or renovated.",
keywords = "building stock, refurbishment, renovation, evolutionary economics, industry",
author = "Terttu Vainio",
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isbn = "978-87-563-1519-7",
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editor = "Kim Haugb{\o}lle and Gottlieb, {Stefan Christoffer } and K{\"a}hk{\"o}nen, {Kalle E.} and Klakegg, {Ole Jonny } and Lindahl, {G{\"o}ran A. } and {Wid{\'e}n }, {Kristian }",
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Vainio, T 2011, Renovation as A business opportunity. in K Haugbølle, SC Gottlieb, KE Kähkönen, OJ Klakegg, GA Lindahl & K Widén (eds), Proceedings of the 6th Nordic Conference on Construction Economics and Organisation - Shaping the Construction/Society Nexus. vol. 3, Copenhagen, pp. 653-664, 6th Nordic Conference on Construction Economics and
Organisation – Shaping the Construction/Society Nexus , Copenhagen, Denmark, 13/04/11.

Renovation as A business opportunity. / Vainio, Terttu.

Proceedings of the 6th Nordic Conference on Construction Economics and Organisation - Shaping the Construction/Society Nexus. ed. / Kim Haugbølle; Stefan Christoffer Gottlieb; Kalle E. Kähkönen; Ole Jonny Klakegg; Göran A. Lindahl; Kristian Widén . Vol. 3 Copenhagen, 2011. p. 653-664.

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

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N1 - Project code: 33694

PY - 2011

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N2 - The building stock and its connected flows can be viewed and analysed from a number of perspectives. Today, the dominant issue regarding the building stock is the challenge to cut greenhouse gas emissions. The question of whether old buildings should be rebuilt or renovated has been a key focus of research and literature. The rebuild option should result lower renovation activity than has expected. Renovation could, however, be a growing market if the building stock is upgraded. The focus of the study is commercial renovation, which has been analysed from the demand-supply perspective at the industry level. The construction economics and evolutionary economics theories have been applied to the analysis of demand and supply, respectively. The main research material consists of three cross-sectional surveys and official statistics. Renovation covers a diverse range of business sectors. In some of these sectors the customers, operating methods and building technologies used are virtually identical to new construction. The development of information technology and production technologies has helped construction sector companies to meet this type of demand in both markets. Traditional construction sector companies have not viewed the more challenging renovation market as an attractive enough option. As a result, buildings are demolished or rebuilt instead of repaired or renovated.

AB - The building stock and its connected flows can be viewed and analysed from a number of perspectives. Today, the dominant issue regarding the building stock is the challenge to cut greenhouse gas emissions. The question of whether old buildings should be rebuilt or renovated has been a key focus of research and literature. The rebuild option should result lower renovation activity than has expected. Renovation could, however, be a growing market if the building stock is upgraded. The focus of the study is commercial renovation, which has been analysed from the demand-supply perspective at the industry level. The construction economics and evolutionary economics theories have been applied to the analysis of demand and supply, respectively. The main research material consists of three cross-sectional surveys and official statistics. Renovation covers a diverse range of business sectors. In some of these sectors the customers, operating methods and building technologies used are virtually identical to new construction. The development of information technology and production technologies has helped construction sector companies to meet this type of demand in both markets. Traditional construction sector companies have not viewed the more challenging renovation market as an attractive enough option. As a result, buildings are demolished or rebuilt instead of repaired or renovated.

KW - building stock

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UR - https://vbn.aau.dk/ws/portalfiles/portal/51815835/Procs_6th_Nordic_Volume_1_Clients_and_Users_.pdf

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BT - Proceedings of the 6th Nordic Conference on Construction Economics and Organisation - Shaping the Construction/Society Nexus

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A2 - Lindahl, Göran A.

A2 - Widén , Kristian

CY - Copenhagen

ER -

Vainio T. Renovation as A business opportunity. In Haugbølle K, Gottlieb SC, Kähkönen KE, Klakegg OJ, Lindahl GA, Widén K, editors, Proceedings of the 6th Nordic Conference on Construction Economics and Organisation - Shaping the Construction/Society Nexus. Vol. 3. Copenhagen. 2011. p. 653-664