Monday, April 30, 2012

Modular is Natural Choice for Green Construction

You don't have to look very hard to realize there are less new home builders today than there were just 5 years ago.  With new housing starts still below what is needed for a healthy housing market, don't look for a flood of new builders entering the market anytime soon.

The remaining builders are looking for that magic bullet that will keep them in business and hopefully profitable.  Building green has become a small caliber bullet but many builders are beginning to move up the 357 Magnum now that going green is becoming more affordable for the new home buyer.

Thirty-eight percent of new homes built by 2016 will be green homes and the cost of constructing a green home is expected to drop for homebuilders. Back in 2008, builders reported that green building adds 10 percent to the construction cost. Today, it's only 7 percent more costly.  By going modular, builders can enter the green housing market quicker as factories are leading the way in green and sustainable products and manufacturing methods. 

New modular home builders have the added benefit of not having to search for new and better ways to go green as modular home factories are already doing the research and are dedicated to it.

A recent study says green homes comprised 17 percent of the overall residential construction market in 2011, and that number is expected to grow to between 29-38 percent of the market by 2016.

Forty-six percent of builders say "building green" makes it easier to market themselves in a down economy, and 71 percent of firms that are dedicated to green home building report the same.

By 2016, many more builders anticipate that they will be dedicated to green building work on over 90 percent of projects - 33 percent expect to be dedicated to green work in 2016, up from 17 percent in 2011.

1 comment:

Steve L said...

Modular Lifestyles has successfully built Green Solar Award Winning Homes in different climates.