Green Construction Remains Strong
More and more home builders are building green according to a recent research report from SBI Energy. The total value of worldwide certified green construction reached $70 billion in 2010. The green construction industry, which focuses on recycled materials in the building process, is estimated to reach $150 billion by 2016. The market is expected to $294 billion in 2021 and employ millions of workers worldwide.
Green construction is no longer just for certain types of buildings. The improvement in recycled building materials in the last few years means that more builders are using materials that might have ended up in landfills in the past. Residential homes are now being built with recycled industrial and building materials instead of traditional lumber. Non-residential buildings represented the largest part of the industry in 2011, but residential homes represent the fastest growing segment of the industry. The role of green construction is expected to grow in energy efficient policy in the next few years. Experts estimate that the investment in the green construction industry could result in 2 million to 3.5 million new jobs in the United States.