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.
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