Did You Know?
By 2013 :
• the green building market will grow to $96 - $140 billion despite negative market conditions.
• will see the green building commercial and institutional sector at 20% - 25% of new construction starts by value, equating to $56-$70 billion.
• will see the green building residential sector at 12% - 20% of new construction starts by value, equating to $40-$70 billion.
The industry sectors with the highest penetration of green building are education, healthcare and office.
Higher valued projects are more likely to be green.
The greatest number of LEED registered projects are in Washington, DC, confirming that government policies are encouraging green buildings.
A majority of corporate leaders responsible for large property portfolios believe green buildings:
• provide market differentiation
• lower operating costs
• foster innovation
The drivers of green building include rising energy costs, increasing government regulation, financial and tax incentives, and more pressure from global competition.
There could be 40 million new green collar jobs by 2030.
The number of homebuilders heavily (more than 60% of work) involved in green building is expected to rise from 26% in 2008 to 36% in 2009.
Nearly the entire commercial and institutional construction industry (88%) is incorporating some kind of green building products into their projects.
Wind energy is projected to account for 20% of the U.S. energy market share by 2030.
The number of states with green building policies, standards, legislation and programs grew from 13 in 2005 to 31 in 2008; local governments saw similar growth.
The above data provided by McGraw-Hill Construction. The full report is available for purchase.