According to Dodge Data & Analytics, green construction is rapidly gaining traction among both single family and multifamily homebuilders across the U.S. in 2017.
At least one third of single family and multifamily builders who were surveyed said that green building is a significant portion of their overall activity (more than 60 percent of their portfolio). By 2022, this number should increase to nearly one half in both the single family and multifamily sectors.
“These findings show that green building has become an established part of the residential construction landscape,” said NAHB Chairman Granger, Increasing energy efficiency continues to be the most common method of improving the performance of a green home, followed by creating a healthy indoor living environment.
“As consumers become more familiar with the impact that their homes can have on their health and well-being, we wouldn’t be surprised to see the influence of this factor continue to grow,” said Steve Jones, Dodge’s Senior Director of Industry Insights Research.
“Homes are following the larger trend that Dodge has been tracking across commercial and institutional sectors for healthier buildings to become an increasingly important part of being sustainable.”
Multifamily builders see government or utility incentives; customer demand; and changes in codes, ordinances, and regulations as the top drivers for future green building activity. With respect to green building obstacles, multifamily builders are most concerned about the costs associated with green; higher start-up costs; and the unwillingness of consumers to pay more for green construction. Single family builders agree about the challenge of consumers not being willing to pay, the top obstacle for them.