|Green Building Starts Up Five-fold|
Boston Business Journal
February 12, 2009
McGraw-Hill Construction released a report on Wednesday that found the value of
green building construction starts was up five-fold from 2005 to 2008. According
to the Green Outlook 2009: Trends Driving Change report, starts were up from $10
billion in 2005 to $36 to $49 billion this year and could triple by 2013,
reaching $96 to $140 billion.
The report — based on data found in the McGraw-Hill Construction Network — was
released on Wednesday at the Greenbuild International Conference and Expo in
Boston. The survey found that, since 2005, the perceived benefits of green
building have increased as people become more informed about green building. The
decrease in operating costs is the most often cited benefit (13.6 percent, up
from 8 percent to 9 percent in 2005), followed by the increase in building
values (10.9 percent, up from 7.5 percent in 2005).
The McGraw-Hill Cos. (NYSE: MHP) is a global information services provider with
more than 280 offices in 40 countries and $6.8 billion in sales in 2007.