Home buyers’ demand for energy efficiency and the use of sustainable materials will drive rapid growth in U.S. residential construction, according to the National Association of Home Builders.
“Green homes” will grow from 17% of the residential construction market in 2011 to as much as 38% by 2016, resulting in a fivefold increase in revenues to $114 billion. Remodeling and new construction will both increasingly go green, as buyers seek to lower future energy bills and keep materials out of landfills.
Source: National Association of Home Builders, www.nahb.org.