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The major findings of the survey, which is 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.
"We have hit the tipping point for builders going green," said
"It's official. Green has gone mainstream," said
For more information on NAHB, please visit www.nahb.org.
The results presented at the NAHB Green Building Conference today will be incorporated into a new issue of the McGraw-Hill Construction SmartMarket Report series, available late June at www.analyticsstore.construction.com.
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