The value of green building construction starts were up 50
percent from 2008 to 2010, according to McGraw-Hill Construction’s newest
report, “Green Outlook 2011: Green Trends Driving Growth.” Additionally, green
building represented 25 percent of all new construction activity in 2010, and
the green building market size is expected to reach $135 billion by 2015.
Currently,
a third of all new non-residential construction is green, representing a $54
billion market. In five years, non-residential green building activity is expected
to triple to between $120 - $145 billion in new construction, and $14 - $18
billion in major retrofit and renovation projects.
The report
also determined health care construction is expected to grow up to 40 percent;
education and office construction are also expected to increase. For details,
visit construction.com/market_research.
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