14 Feb '12, 1am

Study: Demand for green home building and remodeling on the rise

Study: Demand for green home building and remodeling on the rise

Today, some encouraging and not entirely surprisingly news from the housing front (and no, I'm not talking about the slow death of the McMansion): According to recently published findings from McGraw-Hill Construction ’s Green Home Builders and Remodelers Survey , the construction of eco-friendly single-family homes represented an impressive 17 percent — or $17 billion if you want to put a economic activity-related price tag on it — of the overall American residential construction market in 2011. This is a massive jump from just 2 percent in 2005 and 8 percent in 2008; the number is expected to rise to as high as 38 percent within the next four years and represent a market share of $87 billion to $114 billion. On the remodeling front, firms are expected to carry out 65 percent of their projects in a “green” manner by just next year with that number increasing to 77 percent...

Full article: http://www.mnn.com/your-home/at-home/blogs/study-demand-f...

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