Quality & Value are Driving Forces in Green Building Market Growth
According to the latest SmartMarket Report from McGraw-Hill Construction, quality and value are the two key factors driving growth in the green building market. The report, which was released at the NAHB’s recent National Green Building Conference and Expo, estimates that green homes accounted for about 17% of the construction market last year and expects that to rise by 29 to 38% by 2016.
Harvey Bernstein, Vice President of Industry Insights and Alliances at McGraw-Hill Construction, said “In the current residential market, there is an enormous need to differentiate your homes for consumers. When builders are able to offer homes that not only are green, but also offer the combination of higher quality and better value, they have a major competitive edge over those building traditional homes.”
In addition to quality and value, the report identified the following as key practices and technologies in the residential market place as a result of the shift toward and growth in green building and remodeling:
- Better energy efficiency practices.
- The inclusion of features that improve indoor air quality.
- Materials that are of higher quality and better durability.
As you can see, green building and remodeling is set to see major growth in the next few years as the importance of green building practices continues to rise. As an FSC Chain-of-Custody provider and Energy Star Partner, Horner Millwork is proud to offer a number of green building products to builders, architects, and consumers alike. Please visit our website for more information on the green building products we have to offer.
Information from NAHB.org.