Green Building Market Will Reach $10-$20 Billion Over Next 5 Years

A new report released at the U.S. Green Building Council conference this week by McGraw-Hill Construction said the environmentally responsible "green building" market will reach $10-$20 billion over the next five years.

The research findings presented in MHC's new Green Building SmartMarket Report show:

· Green building comprises approximately 2 percent of nonresidential construction starts in 2004, valued at $3.3 billion;

· By 2010, the green building market is expected to be 5-10 percent of nonresidential construction starts (excluding non-building construction), valued from $10 billion - $20 billion;

· Over 70 percent of a representative sample of architects, engineers, contractors, and building owners anticipate sales growth from green building;

· 60 percent of architects, engineers and contractors are specifying and installing green building products in their construction projects; and

· Operating costs of green buildings expected to be between 8 and 9 percent lower than other buildings; green buildings expected to have increased values of 7.5 percent.

The report also offers recommendations and suggestions about business opportunity areas highlighted by the research. To purchase the report, please visit Green Building SmartMarket Report webpage

11/11/2005

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