The new year is here and this gives us a great opportunity to share the latest news about insulated concrete form construction. Not only is the industry growing even stronger, mainstream media is picking up on the benefits of ICF at a greater pace than ever before. If you, as a builder, were on the fence about adopting ICF for your residential projects in 2018 you’ll now find peace of mind that 2019 is the year to make the leap to this more efficient building method and material.
How Insulated Concrete Form Construction is Making Headlines in the Winter and First Quarter of 2019
ICF Market Growth Projections Released
Early 2019 industry research has been released with ICF making the news after it has been reported that the market is projected to enjoy a compound annual growth rate (CAGR) of 14.23% through the forecasted period (to 2023). Reports cite growth drivers as being the following:
- Increased demand for energy-efficient buildings
- Increased multi-residential buildings
- Increased demand for disaster preparedness
- Increased demand for reduced construction time
This recent market projection (among others) instills further confidence that ICF will lead the way in energy efficient building (which in itself is leading the way in residential construction) in 2019 and into the foreseeable future.
The LOOP Likes ICF to Shake Up 2019
Canada’s lifestyle and entertainment news (of all things) resource The LOOP released an article at the end of 2018, titled “Three ways tech will be shaking up your life in 2019″. Under the second item, headlined as Energy Independence and Renewables, they addressed a recent Rocky Mountain Institute study which found that thanks to advances in technology, building net-zero energy houses now only cost about 1 to 8 percent more than traditional builds. They followed that point with a statement about the importance of ICF in building more energy efficient homes, while addressing perceived concerns about cost of construction:
“Structurally insulated panels and insulated concrete forms may cost more during construction, but they can reduce the project’s costs because they require fewer tools, enable higher quality (and thus fewer defects) and faster construction times.” (The Loop)
Not only is the cost gap between ICF and wood frame construction smaller than ever, further savings are returned to the homeowner as utility expenditure is typically 60% lower in an ICF home. Much thanks to The Loop for keeping mainstream Canada in the loop about the benefits of insulated concrete forms!
Washington Post Wonders If Zoning Laws Will Make ICF Mandatory
A recent article from the Washington Post used the recent Malibu fires to spark a conversation about valuable lessons the population and governing bodies can learn from such disasters, be they natural or manmade. The insightful piece addressed how knowledge can help everyone better respond to the long-term effects of catastrophes like the California fires and Hurricane Katrina. While we can’t always control the cause, we can at least take steps to prevent the devastation to follow.
“Catastrophes are a constant, but by understanding them, those of us in California and beyond can be better prepared for the long process of recovery that lies ahead.” (Laird M. Easton, Washington Post)
The author went on to make a short but very interesting statement about ICF:
“Should Paradise be rebuilt, what lessons will be learned from this disaster? Will zoning laws require home construction in insulated concrete forms, which are much more resistant to fire than wood?” (Laird M. Easton, Washington Post)
Within the 1,262 word article, those two sentences really drove home the point. With catastrophic events occurring in greater number as climate change becomes more evident, is it only a matter of time before insulated concrete forms become a requirement of building codes and zoning laws? The fact that the question has even been posed on such a grand scale is telling enough.
Start 2019 off right by adopting insulated concrete forms for your residential building company in Alberta. Contact Total ICF today to learn more.