13 Feb '12, 9pm

90% of Home Building Will Have Green Features by 2016

By 2016, most home builders say that green building technologies will be used in 90% of projects and 33% say they will be dedicated to green building in 2016, up from 17% today, reports McGraw-Hill's Construction arm. Green homes comprised 17% of the overall residential construction market in 2011 and are expected to grow to 29%-38% of the market by 2016. By value, this equates to a five-fold increase, growing from $17 billion in 2011 to $87-$114 billion in 2016, based on the five-year forecast for overall residential construction. According to the study, construction industry professionals report an even steeper increase in green home remodeling; 34% of remodelers expect to be doing mostly green work by 2016, a 150% increase over 2011 activity levels. Many home builders have shifted to the remodeling market due to the drastic drop in new home construction. In 2011 only 8%...

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

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