Green Home Building Continues to Grow

Posted on May 20, 2008
Tag(s): Green Building
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Even in a down real estate market, the growth of green-built homes is evident. The latest market research released by McGraw-Hill Construction reveals this year’s residential green building market to be worth $12 billion to $20 billion (6 percent to 10 percent of the market), with an expectation of it to double in five years.

40% of builders think green building helps them market their homes in a down market. Buyers want to pay less in monthly utility bills, and own a home that is more comfortable with good indoor air quality–all signs of high performance green-built homes. The study indicates that quality is the number one reason for building green. Energy cost savings and doing the right thing for the environment tied for second place.

Source: InsuranceNewsNet.com