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Studies Report: Green Construction Growth Outpaces Conventional Construction - More to Come

NSchepis MA, United States 0 Ratings 13 Discussions 10 Group posts

Posted by: NSchepis // Student at Bridgewater State

The U.S. Green Building Council's (USGBC) 2015 Green Building Economic Study by Booz Allen Hamilton reports that green construction spending is expected to grow 15.1 percent each year. Annual spending is expected to reach $224 billion in 2018. This boom in sustainable construction means not only better performing and more green buildings, but it also means more jobs. Green construction will contribute to 1.1 million jobs and $75.6 million in wages by 2018.

The green building market is already growing at a faster rate than general construction, and this trend is expected to continue. The green construction sector will account for more than one-third of all the construction jobs in the United States by 2020.

According to GreenBiz, Green Building's rise is influenced by changing technology, increasingly supportive policymakers, and growing popular appeal. -- GreenBiz -- USGBC -- Economic Study (sign-up required)



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