Green Homes Market Grows to $36 Billion and Predicted to Double.

By
Real Estate Broker/Owner with DMK Real Estate Ct RE Broker 0789963
http://actvra.in/4lK6

Green Homes Market Grows to $36 Billion and Predicted to Double.

February 13th, 2014

 

McGraw Hill Construction (MHC), a part of McGraw Hill Financial, just released findings from a new Green Home Builders and Remodelers Study at the National Association of Home Builders (NAHB) International Builders’ Show in Las Vegas.

Green homes comprised 23 percent of the overall residential construction market in 2013 which is equal to $36 Billion market opportunity.  MHC estimates that the green market share will grow to between 26 percent and 33 percent of the market by 2016 which is double of today’s market from $36 Billion to $83-$105 billion in 2016, based on the current McGraw Hill Construction forecast for total residential construction.

68% of builders and 84% of remodelers report that home owners are willing to pay more for green construction with an average of 3% for new green homes and 5% for green remodeling projects.

Builder’s involvement in Green Building Activity has almost doubled from 2011 to 2013 with:-

  • 16% of builders building more than 90% green projects in 2013.
  • 66% of builders involved in green projects in 2013.

To read more click on the:

 WSJ article “Green Home Building Continues to Climb”.

 MHC Green Home Builders and Remodelers Study.

 

 

 

This article has been written by David Popoff.

 

  David Popoff | Broker 

   Direct Line: 203-228-0646 

Website: www.dmkpropertymanagementllc.com

E-mail: DavidPopoffCt@hotmail.com

DMK Real Estate is a full service license Connecticut Real Estate Broker firm that serves lower Fairfield County. With lower overhead costs DMK Realty can fulfill buyers and sellers needs locally and on the internet at lower costs compared to the larger national brands.

 

 

 

 

 

 

 

Posted by

David Popoff
Connecticut Licensed Real Estate Broker
Realtor® Green
Seller Representative Specialist
Accredited Buyer Representative
candidate
LEED AP Homes

 

DMK Real Estate, Darien, CT.
Cell (203) 228-0646
DMKrealestate.com

 

 

 

DMK Realty, 06820 

 

 

 

 

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Topic:
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Groups:
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ECO ALL-STARS & GREENIES
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Rainmaker
1,097,691
Wayne and Jean Marie Zuhl
Hallmark Realtors - Clark, NJ
The Last Names You'll Ever Need in Real Estate

David,

That's good to know.  The Green Home movement seems to be taking off everywhere.

Feb 13, 2014 08:04 AM #1
Rainer
1,756,848
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Those are awesome numbers David.  Reducing our energy load is the goal.

Feb 13, 2014 07:31 PM #2
Rainmaker
746,771
David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

It is the future of homes, best all real estate agents learn about it.

Feb 13, 2014 08:14 PM #3
Rainer
74,680
Brian Clinger
Coldwell Banker AJS Schmidt - Cascade, MI
Brian Clinger ABR, GRI, CRS, SRES

Thank you for the numbers as it is helpful in puting this movement in perspective.

Feb 14, 2014 01:50 AM #4
Rainer
119,271
Suzanne De Vita
RISMedia
Online Associate Editor

Spot on! Green building adds significant value - more commonly known as "The Prius Effect"! Thanks for sharing, David.

Feb 14, 2014 02:44 AM #5
Rainmaker
746,771
David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

This is a win win for everyone, builders, homeowners and the environment.

Feb 14, 2014 04:39 AM #6
Rainmaker
787,037
Carol Zingone
Berkshire Hathaway Home Services Florida Network Realty - Jacksonville Beach, FL
Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
David, living in the area where the HGTV SmartHome was built last year, I love the technology available and the eco friendly options we are seeing in abundance.
Feb 25, 2014 07:32 PM #7
Rainmaker
1,169,808
Adrian Willanger
206 909-7536 AdrianWillanger-broker.com - Seattle, WA
Profit from my two decades of experience

Hi David-I can't wait until what is considered green building now is standard. Thanks for sharing this information. 

May 08, 2014 06:48 AM #8
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Rainmaker
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David Popoff

Realtor®,SRS, Green ~ Fairfield County, Ct
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