Green Home Building Market to Nearly Double By 2016
A new industry report estimates that production of sustainable homes in the nation’s housing industry will nearly double in the next four years.
The green homes share of the construction market was 17% in 2011, equating to $17 billion, and expected to rise 29% to 38% by 2016, potentially a $87 billion–$114 billion opportunity, based on the five-year forecast for overall residential construction, according to a new report from McGraw-Hill Construction and the National Association of Home Builders.