By 2012, green building could represent 20% of the market, reports the Daily Green. This is shocking news in a real estate economy that’s seeing tough times.
The National Association of Home Builders (NAHB) Green Building Conference revealed the study that focused on changes in green building activity between 2001 and 2007. The findings far exceeded expectations.
The green building market is undoubtedly on the rise. It is estimated to comprise 6 to 10% of the entire new construction market, a value of between $12 and $20 billion. By 2012, the figures are expected to double or even triple to 12-20%, or $40-$70 billion.
Another more shocking surprise the survey showed was that when it comes to building green, quality is now as important as pricing. The choice of green construction is not simply about affordability, it’s about the ways it will impact a home buyers quality of life.
Going green is not a trend, as many have argued. Being eco-friendly is quickly becoming a "lifestyle" choice as well as a commitment to sustainability. So, if you’re a builder and plan to stay one, it would be wise to start following the green or get left far behind.
Interested in seeing what cities around the world are taking the green movement by storm? You'd be surprised to hear one of them is stateside. Check out the article here.
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