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What’s In Store For Home Developers & Builders Who Go Green?
With the talk of global warming and climate change dominating headlines these days, many industries, including the real estate sector, are contemplating on finding ways to reduce waste, pollution and improve profits at the same time. The home building industry now has totally bought into the idea of green building, and a lot of reasons are in store for why they are rerouting themselves in this direction. How Fast Should Building Green Go For The Real Estate Industry? The major question these days is that, how quick should the industry adapt the concepts of "building green", and when would it become the norm for all home developer decisions? Since 2007, the industry has seen a 70% rise in total LEED registered and certified home building projects, on top of more than 50% cumulative growth in 2006. The reason is that, there have been major events or developments in the past two years, among them are the outpouring of concern over carbon dioxide emissions from energy use of all kinds, Al Gore’s Nobel Peace Price for An Inconvenient Truth, and the effects made by Hurricane Katrina and its exposure of the vulnerability of a major American city to natural forces. With these ... more
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