Green Home Building Growing Green Billions

According to the National Association of Home Builders (NAHB), has learned a survey taken by McGraw-Hill Construction Company reveals green home building accounted for 17 percent of the residential market in 2011, but that figure is expected to increase to between 29 and 38 percent in four years. In dollar terms that’s moving from $17 billion to potentially over $100 billion by 2016. One-third of re-modelers anticipate most of their work by 2016 will be green work, a 150 percent increase from a year ago. The findings reveal 62 percent of home builders who also do remodeling say their remodeling contracts increased as home building dwindled. NAHB Chairman Barry Rutenberg says, “In a sample of NAHB builder and remodeler members, nearly 90% reported building green at some level. This is a powerful testament to the importance of green home building—and transforms the way we think of homes overall.” New home buyers realize the economy of high performance and energy efficiency, and as demand has risen costs have begun to fall. Regionally, the West has seen the largest growth in the green market, followed by the northern Midwest, west of the Mississippi, and New England is third.

(Photo credit: Wikipedia/Michelle Kaufmann design)

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