McGraw Hill’s Construction Forecast Report anticipates 45 percent of all construction begun in the U. S. in 2014 will be single and multifamily housing projects. A survey of builder and remodeler members of the National Association of Home Builders (NAHB) reveals 62 percent of single-family home builders report they are doing 15 percent of their projects green, and that number is expected to climb to 84 percent by 2018. On the multifamily side, 54 percent of those firms report doing 15 percent of their projects green, with the expectation of that hitting 79 percent of the builders by 2018. Additionally, MHProNews has learned in the single-family market, 19 percent of firms are doing over 90 percent of their projects green, a number that is expected to double to 38 percent of builders by 2018. Says Harvey Bernstein of McGraw Hill Construction: “Greater consumer interest in green homes has contributed to the ongoing growth, leading us to anticipate that by 2016, the green single family housing market alone will represent approximately 26% to 33% of the market, translating to an $80 billion to $101 billion opportunity based on current forecasts.”##
