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McGraw-Hill Construction Releases Report on New and Remodeled Green Homes

McGraw-Hill Construction has released a report titled “New and Remodeled Green Homes: Transforming the Residential Market”. The report was released at the National Green Building Conference and Expo organised by National Association of Home Builders.

According to the report, green homes took 17% share of the total home market equivalent to $17 billion. This is expected to increase to 29%-39% by 2016, amounting to an equivalent value of $87-114 billion. The key factors that will drive this growth are high quality and savings on cost. Customers who are involved in high volume construction of green homes rate quality as a high deciding factor for home building and remodelling. Customers are also becoming highly value driven and look for efficient use of energy and water in their buildings. The other most important factor is the substantial savings in cost as compared to regular home builders.

The study has also revealed that key construction practices are also changing based on the importance placed on factors such as use of energy efficient fixtures. High importance is now being given to improving the quality of air, and usage of durable materials is also being emphasised today.

According to the Vice President of Construction Solutions for Waste Management, Jim Halter, the findings of this report confirm the major shift that is now being observed in the market.

According to the Chairman of NAHB, Barry Rutenberg, as more and more projects are intent on obtaining green certification the market will show great potential and present many opportunities in the future.

Source: http://www.mcgraw-hill.com

Joel Scanlon

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Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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