Wednesday, December 16, 2009

Green Building Promises Strong Growth

According to a report by McGraw-Hill, domestic green building will triple by 2013. This is expected to trigger $140 billion in construction spending. McGraw-Hill said growing public awareness, government regulations, and bottom-line advantages will help fuel this growth.

A substantial portion of this green building will be retrofits and renovations since many buildings are aging and inefficient.

Green building now comprises 5 percent to 9 percent of the market, but it could easily reach 30 percent ($15 billion in annual spending) within the next five years.


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