Green building is making dollars and it just makes sense based on operational cost reductions and increased property value. In fact, according to the Dodge Data and Analytics World Green Building Trends 2016 Smart Market Report, green building’s growth rate is doubling every three years.

In the U.S., 24 percent of firms surveyed boasted that more than 60 percent of their projects were done green in 2015 – and that number is expected to grow to 39 percent of firms by 2018. But perhaps what’s even more interesting from the report is that developing countries not normally known for green building, such as Mexico, Brazil, Colombia, Saudi Arabia, South Africa, China and India, expect to see the most profound growth year over year.

On the world stage, the economic benefits of green building have been proven repeatedly. And the fact that green building materials have decreased in cost to become more competitive (between

-4 percent and 12.5 percent), is helping to propel the sustained growth in the market. Additionally, client demand and regulations continue to be the strongest drivers, according to the Dodge report.

So What Does This Mean For Us?

We might be facing uncertain times in terms of federal environmental regulations in the U.S., but green building growth is showing no signs of slowing here or around the globe.

The View from Here is that as an industry, we can’t stop innovating and pushing our products and building materials forward if we want to remain competitive now and in the future. And, as I’ve been saying, we’re likely to see more state-level regulations and incentives to help perpetuate the economic benefits of green building domestically.

What’s your View? Email me directly at Eric.Jackson@Quanex.com.

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