Green Building – Recession Proof?
A new study by IBISWorld, titled Sustainable Building Material Manufacturing in the U.S. has some very encouraging news for the green building industry. The Sustainable/Green Building segment of the market was one of the first to make a comeback as early as 2010, when the industry rebounded with strong growth. Americans concern for environmental sustainability was reflected in their buying habits, and growth for 2012 is expected to reach up to 30% (http://www.green-buildings.com/content/782470-green-building-recession-proof-sustainable-materials-manufacturing-continues-exceptio)
Much of this activity was in retrofitting buildings for energy efficiency, according to the United States Green Building Council, so we can most likely expect to continue seeing this trend improve. And when new construction picks back up, we will work to ensure that that the green building momentum will take a new life in that sector too, after experiencing this remarkable growth in the slow economy.
image courtesy of IBISWorld
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