McGraw-Hill Construction says nearly four out of 10 new homes built by 2016 will be green homes. That's a five-fold increase from today. Green home construction only costs 7% more than traditional building.
April 27, 2012 - For integrators still waiting to implement green solutions strategies ... don't wait much longer. According to a new study, the green home trend does not appear to be a flash in the pan.
Thirty-eight percent of new homes built by 2016 will be green homes, according to McGraw-Hill Construction. And the cost of constructing a green home is expected to drop for homebuilders. Back in 2008, builders reported that green building adds 10 percent to the construction cost. Today, it's only 7 percent more costly.
The data is evidence for integrators, especially those on the West Coast, that there will continue to be an opportunity for bringing energy-related solutions to their clients.
The Green Home Builders and Remodelers Study says green homes comprised 17 percent of the overall residential construction market in 2011, and that number is expected to grow to between 29-38 percent of the market by 2016. This equates to a five-fold increase, growing from $17 billion in 2011 to between $87-$114 billion in 2016, based on the five-year forecast for overall residential construction. read more>>>
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