Green Building in U.S. Grows by $71 Billion

Authors: Green For All

Green building continued to grow even through a deep economic recession. The US green building market has expanded dramatically since 2008 and according to a new report titled, Green Outlook 2011, by McGraw-Hill Construction, it is projected to double in size by 2015.

Green construction starts increased from $42 billion in 2008 to $71 billion in 2010, and it is expected to grow to $135 billion by 2015.

Additionally, a survey of building owners indicated that green projects reduce operating costs (13.6% on average for new buildings and 8.5% for retrofits), increase building values (10.9% for new buildings and 6.8% for retrofits) and increase their return on investment (9.9% for new buildings and 19.2% for retrofits.)

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