McGraw-Hill Construction report shows environmentally
responsible building market reaching $10-$20 billion
New York, NY— McGraw-Hill
Construction (MHC) released a report indicating the environmentally
responsible “green building” market will reach $10-$20
billion over the next five years. The report was released at the
U.S. Green Building Council (USGBC) Greenbuild conference in Atlanta.
The research findings presented
in MHC’s new Green Building SmartMarket Report show:
•Green building comprises
approximately 2% of nonresidential construction starts in 2004,
valued at $3.3 billion.
•By 2010, the green building market is expected to be
5%-10% of nonresidential construction starts (excluding nonbuilding
construction), valued from $10 billion - $20 billion.
•Over 70% of a representative sample
of architects, engineers, contractors, and building owners anticipate
sales growth from green building.
•60% of architects, engineers and
contractors are specifying and installing green building products
in their construction projects.
•Operating costs of green buildings
expected to be between 8% and 9% lower than other buildings;
green buildings expected to have increased values of 7.5%.
The report also offers recommendations
and suggestions about business opportunity areas highlighted by
the research. To purchase the report, visit
MHC is also incorporating sustainable
practices into its printing of products related to green building.
“Not only are we offering
intelligence and resources to our customers, but we’re changing
some of the ways we do business,” said Young. Choosing to
print the Green Building SmartMarket Report 2006 on selected paper
and using soy based inks, MHC saved 12,275 gallons of water, 21
million BTUs of energy, and nearly 2,000 pounds of solid waste.