According to Realtor Magazine's Daily Real Estate News, EL Insights reports that Green building is predicted to balloon to more than double the value it is today by 2015.
Today the US green building market is valued at $71.1 billion and is estimated to be $173 billion by 2015. Commercial green building is also expected to increase by 18.1%annually.
Why is it expected to grow? Because people have acknowledged the cost savings it provides and because of the government incentives being offered.
Don't think green building is only for new construction. It is also expected that a large part of this growth will be contributed to green renovations of existing buildings and homes.
The results anticipated include lower energy and heating bills, more green training and knowledge, and faster selling homes.
Source: Fast Company, Ariel Schwartz (07/10); Realtor Magazine
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