McGraw Hill Construction has released a new report, “Green Multifamily & Single Family Homes: Growth in a Recovering Market” that finds “green building is increasingly important in the single family and multifamily sectors.”
Among their key findings:
- 62% of those building new single family homes report that they are doing more than 15% of their projects green. By 2018, that percentage increases to 84%.
- 54% of those building new multifamily projects report that they are doing more than 15% of their projects green. There is also growth expected – that percentage rising to 79% by 2018.
- 34% of those building new single family homes are currently doing 60% or more of their projects green. 19% of the firms build more than 90% of their projects green. By 2018, it is projected that 38% of developers will build almost exclusively green.
- 18% of single family home remodelers are doing more than 60% of their renovations to established green standards.
- Almost 2/3’s of single family & multifamily developers offer renewable energy features on their projects
- 67% of single family home builders says that consumer demand is driving their decision to build green, with 73% stating consumers will pay more for green homes (compared to 61% in 2011).
McGraw Hill anticipates that by 2016, green single family housing will be 26%-33% of the total market, which is great news for homeowners and the environment.