Green Home Building Continues to Climb, Valued at $36 Billion in 2013

Filed in Sustainability and Green Building by on February 4, 2014 0 Comments

Green homes composed about 23% of the home construction market in 2013 and are expected to grow to between 26% and 33% of the market by 2016 — a doubling green home construction value over three years, growing from $36 billion in 2013 to $83-$105 billion in 2016, based on the current McGraw Hill Construction forecast for total residential construction.

Findings were released today at a press conference at the NAHB International Builders’ Show in Las Vegas.

The green home building market most rapidly accelerated during the housing downturn, when experienced green builders remained in business at higher proportions than those who weren’t. As the residential market improves, indications are that the residential market is becoming bifurcated, with green builders accelerating the depth of their green work, and new or returned entrants into the market focusing on traditional construction practices.

The study shows that the top drivers to increased green home building activity include changes in codes and regulations, better quality, wider availability and affordability of green products, energy costs and competitive advantage.

The green home building study, produced by McGraw Hill Construction in conjunction with the NAHB, is the fourth in a series that dates back to 2006. Read the full story here.

Tags:

Leave a Reply

Your email address will not be published. Required fields are marked *