Volume 47, Issue 12 - December 2012


Green Building: What a Difference Seven Years Makes

The New Green Building Market Has Grown Eight-Fold
McGraw Hill Construction (MHC) executives report that the commercial green building market has seen increasing growth over the past eight years. According to Harvey Bernstein, vice president, industry insights and alliances, MHC, by 2016, $240 billion dollars will be devoted to green projects with additional growth projected in the commercial market—and not just for new buildings. “There is a real opportunity in the retrofit market to move toward high-performance buildings,” said Bernstein during MHC’s Annual Outlook Executive Conference.

Green Building Passes Tipping Point in Nonresidential Starts
Commercial construction sectors are continually adopting green building practices. While the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) program may be leading the way toward growth, it’s not the only reason this market is increasing. Bernstein says there is a trend in pre-fabrication taking place as companies seek to reduce construction waste. He adds, “Companies are interested in energy disclosure reporting, transparency of the supply chain, life cycle assessment, environmental declarations, etc.”

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