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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