When it comes to home builders, the color of the day appears to be green.
According to new research published by the National Association of Home Builders (NAHB)
, approximately one-third of single-family and multifamily builders said that green building is a significant portion of their overall activity—defined as being more than 60 percent of their portfolio. By 2022, the NAHB forecasted this number should increase to nearly one-half in both the single-family and multifamily sectors.
Furthermore, builders are developing net zero homes or plan to build net zero homes in the near future: 29 percent of single-family home builders have built a net zero home in the past two years, and 44 percent expect to do so in the next two years. The percentage of builders who used solar panels over the past two years increased from 19 to 23 percent, while 43 percent of the builders surveyed expected to use this green tech solution in the future.
“These findings show that green building has become an established part of the residential construction landscape,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas. “It is no longer a niche business; our members recognize the value of building green and are incorporating these elements into their standard business practices.”