Green building is finally gaining traction. For years the cost of green construction prohibited builders and home owners from investing in green, but the tide is starting to turn. A recent study by Dodge Data & Analytics, in partnership with the National Association of Home Builders (NAHB) and with support of Ply Gem Industries, indicates that builders of all ages are interested in green. This article at FineHomeBuildling.com summarizes some findings in the report.
Here are my take-aways:
- While building green costs at least 5% more than standard construction, more consumers are willing to pay the difference.
- One of the factors driving the growth is the association of green with healthier homes.
- Baby Boomers (age 55 and over) pay closer attention to energy efficiency, indoor environmental quality and durability than younger home buyers.
- Renewable energy is much more common.
What do you think? Are you willing to pay more for green construction? What is your experience with green construction?