Builders expect one-third of new construction to be green homes by 2016
Homes built to green standards will comprise 33 percent of the market by 2016, according to the Green Home Builders and Remodelers Study by McGraw-Hill Construction.
Homes built to green standards will comprise 33 percent of the market by 2016, according to the Green Home Builders and Remodelers Study by McGraw-Hill Construction. Green homes made up 17 percent, or $17 billion, of the overall residential construction market in 2011.
Green homes are quickly gaining ground in new construction and are projected to account for roughly a third of the market by 2016, according to the latest Smart Market Report.
The single-family housing market will grow 27 percent in dollars in 2011. That translates into a 25 percent increase in the number units to 565,000, according to the McGraw-Hill Construction Outlook report. Multifamily housing is also expected to increas
The U.S. Green Building Council (USGBC) announced that more than 20,000 homes across the United States have earned certification through the LEED for Homes program.
A 3 percent increase in residential construction spending in May pushed overall construction spending up 0.9 percent for the month, the largest jump since December 2011.