01 Jun '12, 8pm

Green Home Building Booming, Could Be $114 Billion Market By 2016

Green Home Building Booming, Could Be $114 Billion Market By 2016

The confluence of a stagnant housing market and consumer desire to save money is creating a green home building boom that could be worth up to $114 billion by 2016, according to a new report from McGraw Hill Construction. Green homes represented $17 billion, or 17 percent of the overall construction market in 2011. This figure is double 2008’s 8-percent market share (valued at $10 billion) and has been a “bright spot in an otherwise dismal market.” But green building’s market share is expected to sharply rise to 29-38 percent across a five-year forecast for overall residential construction – potentially an $87-114 billion opportunity. 416 National Association of Home Builders builder and remodeler member companies were surveyed in Q4 2011 on their green building practices to compile the report, “New and Remodeled Green Homes: Transforming the Residential Marketplace,” whic...

Full article: http://cleantechnica.com/2012/06/01/green-home-building-b...

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