Green home today. Industry standard tomorrow- The 2010 Forecast

By
Real Estate Broker/Owner with REAL ESTATE RESOURCES & NETWORK 209970

 

HELLOoooo!

We all know that understanding market trends and issues
and how an industry may function in the future
is one key to success.

The real estate market is no exception. And if you invest  $79.
you can pick up/download a 34 page report on key trends
in the construction industry that "provides you with instant access
to a succinct snapshot of the construction industry
to help you build a firm knowledge base about market conditions,
trends,
and leaders. "

The SmartMarket Report on residential green building
published by McGraw-Hill , Summer 2006 release,  takes a solid look at the residential green building marketplace in particular. 


"Looking Ahead "  FYI: REALTORS® and home buyers.


Indicators that residential green building will escalate
in the next year at a significant rate.
What is considered a green home today, the report notes, will be the industry standard tomorow-
in the not so distant future.- say by 2010!

A growth of 30% over 2006 numbers is expected.  More than two-thirds of builders will be building green homes, with only one-third not yet engaged in the marketplace.  Beyond 2007, the sheer number of participants in the green home building market will pull the rest of the market up to green standards just to stay competitive.

A heads-up. I read in the SmartMarket report that  "Green home building supporters should work with REALTORS®, appraisers and other financing institutions to accelerate market penetration of green homes.

Resource: For complete copy of the Residential Green Building SmartMarket Report, please visit McGraw-Hill Construction 

Another Resource: http://activerain.com/groups/GREEN

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Rainer
468,811
S. Leanne Paynter ☼ Broward County, FL
United Realty Group, Inc. - Davie, FL
Davie, Plantation, Cooper City & Weston Specialist
This is wonderful news, janeAnne!  The future can't come fast enough when it comes to building green homes.
Jan 08, 2007 01:02 PM #1
Rainmaker
611,957
Sharon Simms
Coastal Properties Group International - Christie's International - Saint Petersburg, FL
St. Petersburg FL - CRS CIPS CLHMS RSPS
I've seen the trend, too, janeAnne. That's why I became eco Certified. I look forward to more Green Homes being built, and to the prices for certifying them coming down.
Jan 08, 2007 11:07 PM #2
Ambassador
796,053
. 4Terra Land Brokers .. 828-776-0779 Asheville NC
REAL ESTATE RESOURCES & NETWORK - Asheville, NC
What's Most Important to YOU? Call(828)-776-0779
Hi Leanne...There does seem to be a trend in a "healthful" direction, at least in our market here in Asheville. We had only 20  or so GreenBuilt homes last year, and now we are looking at  over 300 in process...
Jan 09, 2007 03:48 AM #3
Ambassador
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Hi Sharon...LEED certification is expensive, for sure. One Green Builder in our area built one of his homes to the LEEDS specs and had it certified, and has the book which he showed us at our last ECO Agent meeting. He said there were a number more books back at his office, just as fat as that one, too!
Jan 09, 2007 03:50 AM #4
Rainer
24,436
Bill Westel
Eco-Steward Realty - Asheville, NC
ECO
Great info Janeanne. In fact if one were smart finding the stocks of companies that build green home products probably would be a good investment!
Jan 11, 2007 01:25 PM #5
Ambassador
796,053
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Bill...Thanks for the heads-up  ...Here are two links that may interest you:

1) http://www.ecoworld.com/funds/greenfunds.cfm

2) http://www.ecoworld.com/funds/greencompanies.cfm

According to the information available at these links "The EcoWorld Green Chips database is composed of the top company holdings of over 130 socially-responsible funds. The presence of these companies within professionally-managed, "socially-screened" funds indicate that, at some level, they are helping to promote the well being of the planet and society. '

Jan 12, 2007 12:45 AM #6
Ambassador
796,053
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PS. I will write about  SRI REITs in an upcoming blog. Look for it in the near future.
Jan 13, 2007 02:43 AM #7
Rainer
5,720
Arlene Brown
Eco Steward Realty - Asheville, NC
janeAnne, you say "the sheer number of participants in the green home building market will pull the rest of the market up to green standards just to stay competitive"...how long do you think this will take?
Jan 21, 2007 06:35 AM #8
Ambassador
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REAL ESTATE RESOURCES & NETWORK - Asheville, NC
What's Most Important to YOU? Call(828)-776-0779
Arlene..love your questions. My answer is "sooner than later"..not specific enough for ya"...take a guess and let me know what YOU think!
Jan 22, 2007 02:47 AM #9
Anonymous
Anonymous
I notice that there is an increase in interest in green homes in our area. But I don't know if any more green homes are being built. Is there a wayyou could suggest that I could find out?
Jan 25, 2007 04:19 AM #10
Rainer
28,333
Tanya Kulaga
Realty Executives, Hedges Real Estate - Lawrence, KS
REALTOR CRS, ABR, GRI

Our parents are getting old and we would like to have a place they can stay with us but all of our bedrooms are on the second and third floors of the house.  We have a lot we plan on building on and would love to build green.  If anyone in the Lawrence, KS area has info on local builders dedicated to green building please pass it on.

Jan 27, 2007 11:01 AM #11
Ambassador
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JR. I will send you information about our current market stats and/or if you are interested in other areas, please let me know and I will let someone from the Active Rain Network know.
Jan 27, 2007 04:32 PM #12
Ambassador
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. 4Terra Land Brokers .. 828-776-0779 Asheville NC
REAL ESTATE RESOURCES & NETWORK - Asheville, NC
What's Most Important to YOU? Call(828)-776-0779
Tanya..Thanks for your note and comment. So happy you are looking into green building for your folks! I happily will pas your note on to a colleague on the Active Rain Network who may be able to help out.
Jan 27, 2007 04:33 PM #13
Rainer
5,211
Mike Morgenstern
Prudential Northeast Properties - Rockland, ME
Definitely a good analysis of the trend toward green.  I am sure that this will pan out as homebuyers become more sophisticated about their green needs.
Feb 05, 2007 05:30 AM #14
Ambassador
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Mike...Thanks for the comment. Like you, I see an awareness growing. As real estate professionals, it is a trend to watch...one where everyone wins.
Feb 05, 2007 05:47 AM #15
Ambassador
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UPDATE: 

The SmartMarket Report on residential green building
is published by McGraw-Hill ..I have found it to be useful resource tool

Dec 05, 2007 04:05 AM #16
Rainmaker
325,572
Esko Kiuru
Bethesda, MD

janeAnne,

Green building is starting to go mainstream. Builders are still feeling their way into the trend, but it's encouraging to see that so many are doing at least a little bit of it. 30% growth is really good.

Dec 05, 2007 09:34 AM #17
Rainer
84,142
Mary McGraw
GLREA - Rockford, MI
2015: Solar Energy Is Still A Simple Machine!

JaneAnne - good post. I have read parts of the report but not in it's entirety. Thank you for the synopsis. You are seeing tremendous growth in the green building industry. I would have to believe part of that is because your company is raising awareness in Asheville! Good job on that!

I think another area of focus needs to be on remodeling/updating existing homes much like what you have done with your office. There are great opportunities for the construction trades in upgrades. FYI - USGBC has their  REGREEN guidelines for public comment.

Dec 05, 2007 10:20 AM #18
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