Study: Green homebuilding to increase considerably in next few years

Results from a five-year forecast conducted by McGraw-Hill Construction and the National Association of Home Builders indicate the green home construction market will grow significantly in the coming years.

Results from a five-year forecast conducted by McGraw-Hill Construction and the National Association of Home Builders indicate the green home construction market will grow significantly in the coming years.

In 2011, roughly one in six single-family homes sitting on the nation's housing market was considered eco-friendly. The number of green homes is expected to expand substantially through 2016.

Based on past real estate records, projections from the groups show a 29 to 38 percent growth in green home inventory during the next five years.

"The housing market is critical to the U.S. economy, and the results of our study show that despite the drastic downturn in housing starts since 2008, green has grown significantly as a share of activity - indicating that the green market is becoming an important part of our overall economic landscape," Harvey M. Bernstein, vice president of industry insights and alliances for McGraw-Hill.

The preference for green homes continues to hike. A Yahoo Real Estate survey shows many homeowners want residences with energy-efficient appliances more than any other feature.



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