New Report: Green Retrofit Market Growing

Green building is booming, but new buildings account for less than 2.5 percent of the U.S. building market each year. Retrofits of existing structures, a tremendous market opportunity for green builders, owners, and building product manufacturers, are the focus of McGraw-Hill Construction's Green Building Retrofit and Renovation SmartMarket Report. The report says that green building currently comprises 5 percent to 9 percent of retrofit/renovation market activity and projects that the figure will grow by 20 percent to 30 percent by 2014.