Green Building

Green residential market expected to increase

Thu, 10/25/2012 - 12:32

The residential housing market is going green. Echo Homes Magazine reports that green homes comprised of 17 percent of the overall residential construction market in 2011. By 2016, the portion of sustainable green home construction is expected to increase between 29 percent and 38 percent.

The news source claims the projected increase is from $17 billion in 2011 to between $87 and $144 billion by 2016. However, other industry experts are predicting an even larger rise in the popularity of green home construction. McGraw-Hill Construction claims that the percentage of homebuilders expecting to dedicate themselves toward mostly green work by 2016 has grown to 36 percent - a 150 percent increase compared to 2011 rates.

"This study demonstrates phenomenal growth in green building and indicates that we can expect even larger increases in the coming years," NAHB chairman Barry Rutenberg told the news source. "In a sample of NAHB builder and remodeler members, nearly 90 percent reported building green at some level. This is a powerful testament to the importance of green home building - and transforms the way we think of homes overall."
Technologies in green residential construction often include light emitting diodes, high R-value windows, energy-efficient appliances and radiant heating. Incorporating sustainable solutions for utilities, in particular, have a large impact on a home's carbon footprint. By switching out an inefficient forced hot air heating system with radiant flooring, a homeowner is able to reduce energy waste and use less electricity to power the entire process.
Using eco-friendly home utility options like a radiant floor heating system allows a property owner to fiscally benefit from a reduction in utility expenses and feel positive about the change for the sake of the environment.