Green Building is an emerging market, one that will continue to grow. It is clearly the future of the building industry as evidenced by a recent McGraw-Hill Construction survey.
The major findings of the survey, which was co-sponsored by the National Association of Home Builders (NAHB), include:
- The residential green building market is expected to be worth $12 billion to $20 billion (6% to 10% of the market) this year.
- In five years (2012), the market is expected to double to 12% to 20% market share, or $40 billion to $70 billion.
- 40% of builders think green building helps them market their homes in a down market.
- Quality has emerged in this down market as the most important reason for building green. Previously, builders were motivated by energy cost savings of green homes and doing the right thing, which still came in #2 this year. This is likely due to green home marketing and how it improves quality of life.
Belco is committed to helping our customers stay on top of this new and ever-changing marketplace... We will continue to offer products that are not only environmentally friendly but also possess Belco's standard of quality and value as well.
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