Opportunities in Green Building

Housing panelists see opportunity in green building

June 9th, 2011 - Amid the gloom of the housing market downturn, the green building sector is one bright spot, according to panelists who spoke on green building trends in housing construction at Standard & Poor's housing summit Thursday in New York.

Harvey Bernstein, vice president, industry insights & alliances, McGraw-Hill Construction, noted that in 2010, a third of all commercial real estate construction was green, as was 16% of residential construction. The share of green construction is only likely to go up in the future, he said.

This means that homebuilders opting for green construction are holding their own or have seen their market share rise slightly.

Green construction now tends to be a homeowner’s first choice as they assume a green home has more potential for appreciation. {continued}