Maspeth, NY 718-416-1656
A report recently released by McGraw-Hill Construction,
which is part of the McGraw-Hill Companies, estimated that the green homes
share of the construction market was 17% in 2011, which equates to $17 billion,
and is expected to rise 29-38% by 2016.
This expected rise in the percentage of green homes could
potentially spell out an $87-$114 billion opportunity. This is based off of a
five-year forecast for residential construction. The report reveals that two of
the key factors driving this market growth are the fact that green homes are
seen as having higher quality and that they save consumers money (http://goo.gl/WoXTR).
“In the current residential market, there is an enormous
need to differentiate your homes for consumers,” says Harvey Bernstein, Vice
President of Industry Insights and Alliances at McGraw-Hill Construction. “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.”
Some of the factors that are driving the growth of green
home building are that it’s a higher quality for both new home builders and
remodelers, customers are strongly value-driven and higher first costs for
building green are noted by a much lower percentage of builders as an obstacle
now than they were reported four years ago.
For all of your recycling needs, feel free to contact us at
Boro-Wide at 718-416-1656! We are here to assist you in any way possible!
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