The Yudelson Associates Blog: What's New
Thursday, March 08, 2007
My Green Crystal Ball: $30 billion in ‘07
My 2007 predictions include 1700 new LEED registered projects and 15,000 new green home certifications (not counting Energy Star homes, which may top 175,000 this year - 2006’s totals). Total construction value is about $30 billion. Add in the Energy Star homes and you’re above $50 billion. Total of all products in green buildings and green homes is then between $10 and $20 billion. Check out the full text of my predictions.
Posted by Jerry on 03/08/2007 at 10:01 AM
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Wednesday, March 07, 2007
Beach Blanket Babylon
Babylon’s town ordinance requires all new commercial, industrial and multi-unit residential construction over 4,000 sq.ft. to receive at least the basic LEED certification by December 2007, as a requirement to getting a certificate of occupancy. While laudable in intent, the ordinance raises all kinds of questions, not the least of which is timing. How does an owner receive assurance that USGBC will act on a LEED certification in a timely manner, so s/he can rent or lease the premises upon project completion. What if the design/construction team doesn’t do its job and get the certification at all? Will LEED-CS become the preferred way in which developers meet this ordinance, because it will also give them help with marketing green buildings. Will the LEED-CS pre-certification be enough to meet the intent of the ordinance? By the way, New York Local Law 86, which became effective January 1st of this year, already requires most public projects, to receive LEED Silver certification. Green building consultants in New York must be licking their chops, thinking of all the new work headed their way!
Posted by Jerry on 03/07/2007 at 05:52 PM
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Friday, March 02, 2007
Green Building Market Put at $50 Billion
The Natural Market Institute’s well regarded LOHAS (Lifestyles of Health and Sustainability) market studies recently put the green building market, including Energy Star products and homes, green homes, green materials and solar panels, at $49.7 billion for 2006. This estimate is probably higher than just for green buildings alone, which I would project at $25 billion, assuming $2 billion for new homes (assuming 10,000 homes at $200,000 each) and $23 billion for comemercial buildings (assuming 1,500 new LEED registrations at 100,000 sq.ft. each and $150 per sq.ft. construction cost.) At 45% materials cost for a typical project, the green building materials market is something less than $11 billion.
Posted by Jerry on 03/02/2007 at 08:11 AM
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