McGraw-Hill Construction recently published a report highlighting the growth of sustainable and energy efficient construction despite the recession:
The company?s Green Outlook 2011: Green Trends Driving Growth report (available for $249) found the value of green building construction starts was up 50 percent from 2008 to 2010 ? from $42 billion to $55 billion-$71 billion ? and represents a quarter of all new construction activity in 2010. According to projections, the green building market size is expected to reach $135 billion by 2015.
Green building is the bright spot in an otherwise tough economy, and in some sectors, that rate of growth has been remarkable, the industry report said. In nonresidential building, for example, the green building market share is even higher than the overall market. Today, a third of all new nonresidential construction is green ? a $54 billion market opportunity. In five years, nonresidential green building activity is expected to triple, representing $120 billion to $145 billion in new construction (40 percent-48 percent of the nonresidential market) and $14 billion to $18 billion in major retrofit and renovation projects.
As noted, the report is $249. It is all of 42 pages. However, the generous folks at the AFL-CIO have made a copy available for free (PDF). Thanks guys.
- Non-Residential Green Construction Is The Most Likely Source of Growth For Building Materials Industry (blhill.net)
- A Tale Of Two Meetings: The Construction Defect Litigation Industry vs. The “Green” Building Movement (blhill.net)
- LEED: Overview and Issues for Legal Professionals By Christopher Hill, Esq. (blhill.net)