Research Shows That Green Building Could Triple by 2013

The U.S. green building market is accelerating at a dramatic rate, according to Green Outlook 2009: Trends Driving Change released by McGraw-Hill Construction. The value of green building construction starts was up five-fold from 2005 to 2008 (from $10 billion to $36-$49 billion), and could triple by 2013, reaching $96 to $140 billion.

McGraw-Hill Construction's Green Outlook 2009 estimates the value of the U.S. green building market over the next five years. It is based on data found in the McGraw-Hill Construction Network--powered by the Dodge database, construction industry surveys, data analysis and analysis of other indicators, including increases in LEED certification and government regulation.

"Green growth is phenomenal across the globe," said Harvey M. Bernstein, vice president of industry analytics, alliances and strategic initiatives, McGraw-Hill Construction. "The business opportunities afforded by green building, even in the midst of a global economic crisis, are real and recognized by industry players. Furthermore, green building has great potential to help tackle unemployment through green jobs, and can address other societal issues, such as creating healthier places where we live and work."

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