Thursday, February 16, 2012

The U.S. Green Construction Market

It should have started ramping up, as well as manufacturing the products and R&D on new, long before the collapsing economy was seen as coming, and it was, but especially as it collapsed, which in the past couple of years has been ramped up on government buildings, thanks to recovery funds that were to little, thus savings for tax payers. With construction work shifting to upfits and rehabs on older homes and commercial property thus saving home owners as well as companies capital expenses and helping make living and working spaces more healthy as well. Even making these properties closer to they value given them then what their real worth was rather then speculated worth.

The Flourishing Green Construction Market
February 14th, 2012 - Green building has grown from just 2 percent of the U.S. single-family residential construction market in 2005 to 17 percent in 2011. Not only that, green residential is slated to increase to as much as 38 percent of the market by 2016.

That’s the conclusion of a study by McGraw-Hill Construction (MHC) set for release in April 2012. A two-page fact sheet from the information services provider offers a preview of a more extensive report, New and Remodeled Green Homes: Transforming the Residential Marketplace, which will appear on April 29 as part of the company’s SmartMarket Report series.

In the past, McGraw-Hill has defined a “green building” as “one built to LEED standards, an equivalent green building certification program, or one that incorporates numerous green building elements across five category areas: energy efficiency, water efficiency, resource efficiency, responsible site management, and improved indoor air quality.”

In evaluating the McGraw-Hill figures, we must keep in mind that the single-family residential construction market dropped precipitously from $315 billion in 2005 down to $98 billion in 2011. So the jump from 2 percent to 17 percent of the market is not quite as extraordinary in real numbers as you might think. We’re not talking about an eight-fold increase in business volume, in other words, just an increase in relative market share. read more

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