October 2019
There is no doubt that sustainability is becoming the standard for new homes. It’s not just because of the global initiative to aim for zero-carbon energy new buildings by 2030, but also because many of the design features intrinsic to the concept of “green” building carry direct benefits for consumers. These include lower utility bills, greater comfort, reduced maintenance, and ultimately increased value that results in higher selling prices.
Furthermore, research indicates that the market share of sustainable (green) single-family residential construction is continuing to grow. This includes single-detached houses and single-family dwellings that share one or more walls with another unit.
The National Association of Home Builders’ (NAHB) authoritative SmartMarket Brief: Green Multifamily and Single-Family Homes 2017, indicates that while the market share of single-family homes was a mere 2% in 2005 it had climbed to 33% in 2017 and is set to climb to 38% this year (2019) and to continue climbing to 44% by 2022.