Wednesday, November 17, 2010

U.S. Green Building Sector Soars

This articles subject title is more then a tad misleading, sorry. Anything that's going on in Construction etc. would look like it's 'Soaring'. Take it from a Construction multi tradesman of some 40plus years sitting on my butt for now over 2plus years and still nothing, or hardly any, calls for professional trades, even for the younger pro's!! But hey, it's a 'happy', and not to long, report so why not read!

Despite Recession, U.S. Green Building Sector Soars

Nov 16, 2010 - Not only are new homes in the U.S. getting smaller, they are getting greener. Despite overall sluggishness in the U.S. construction sector, the U.S. green building market is accelerating at a substantial rate, according to a new report from McGraw-Hill Construction.

The report, "Green Outlook 2011: Green Trends Driving Growth," found that green building represented 25 percent of all new construction activity in 2010 and that the value of green building construction starts was up 50 percent from 2008 to 2010 - from $42 billion to $55 billion-$71 billion.

And the growth spurt isn't over. According to projections, by 2015, the size of the green building market is expected to grow to $135 billion.

"It's an amazing area of opportunity at time when the construction market is extremely challenged," said Harvey M. Bernstein, vice president, Global Thought Leadership and Business Development, McGraw-Hill Construction. {read rest}

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