It's tough to find good news about the housing market these days. Affordable options are out of reach for many working families. Illinois' foreclosure rate is rising. Even renters whose landlords went belly-up on their mortgages are being forced onto the streets.
But this AP story highlights one encouraging trend:
In fact, green housing is growing even while the overall housing market is suffering, said Nate Kredich, the council's vice president for residential market development.
This year, green building is expected to represent 6 percent of the residential construction industry, according to a survey conducted by McGraw-Hill Construction Research & Analytics for the U.S. Green Building Council. That's up from just 2 percent in 2005.
The Washington Independent's Suemedha Sood teases out a few other interesting findings from the report. Among them, the green housing market is expected to rise from $2 billion to $20 billion by 2013 and green products are being used for 40 percent of remodeling work in American homes.
If you want more information on possible ways to green your home, check out the Museum of Science and Industry's Smart Home exhibit, which runs through December.
Post new comment