Green Building Market to Grow Significantly
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Inman News has an article on the Green Building Market that is growing exponentially and will continue to do so in the near future.
The environmentally conscientious “green building” market is expected to reach $10 billion to $20 billion over the next five years, according to a report released today by McGraw-Hill Construction.
Green building comprised approximately 2 percent of nonresidential construction starts in 2004, valued at $3.3 billion, the report found. By 2010, the green building market is expected to be 5-10 percent of nonresidential construction starts (excluding nonbuilding construction), amounting to $10 billion to $20 billion.
Green Building as described in the The Green Building Resource Guide as having these characteristics;
nontoxic; recycled content; resource efficient; long life cycle; or, environmentally conscious. Some materials and products have more of these chara*cteristics than others and are, therefore, considered “greener”.
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