Real Estate Outlook: Green Construction Predicted to Grow

by Carla Hill, Realty Times

According to the latest McGraw-Hill construction SmartMarket Report the share of green homes on the market is expected to grow by leaps and bounds in the next four years.

The report found that 2011’s green home share is expected to be about 17 percent, but that number is predicted to rise to a staggering 29 to 38 percent by 2016.

“In the current residential market, there is an enormous need to differentiate your homes for consumers,” says Harvey Bernstein, Vice President of Industry Insights and Alliances at McGraw-Hill Construction. “When builders are able to offer homes that not only are green, but also offer the combination of higher quality and better value, they have a major competitive edge over those building traditional homes.” Read the full article here>