News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Green Buildings Could Be Half US Construction And Worth $248 Billion By 2016
Silvio Marcacci / Clean Tecnhica / August 19, 2013
Green building is growing fast in the US, and may represent more than half of all commercial and institutional construction as soon as 2016.
A new report from the US Green Building Council (USGBC), “LEED in Motion: People and Progress,” details green building’s exponential growth and outlines both the value of the industry and its reach into American lives.
The report is the first of three LEED in Motion summaries planned for release in 2013, and it reveals yet another key indictor that sustainability can be as much an economic boost as an environmental one.
Millions Living And Working In Green Buildings
As a snapshot in time, People and Progress finds millions of Americans benefiting from LEED projects. USGBC estimates more than 4.3 million people live and work in LEED-certified buildings every day, while more than 6.2 million people experience LEED projects every day during their daily routine.
Green building, of which LEED properties are a key subset of, represented around 44% of all commercial and institutional construction in America across 2012, and that percentage should pass 55% as early as 2016.
All this growth means jobs and profits, according to USGBC. Green building could top $140 billion in revenue with 835 million square feet of construction this year, 35% of all US construction jobs today are in green building, and industry revenue could top $248 billion by 2016.