In only a handful of years, green building has moved from obscurity to a significant trend in the global construction market.
Canaccord Genuity expects its share of the world construction market to be over 20% by 2013. Longer-term, they expect green building practices to become the norm in the construction industry.
Currently. the US green building market is estimated at $36 billion - $49 billion, representing about 10%-12% of total construction dollars spent annually, according to McGraw-Hill.
While green building historically has represented little more than an interesting niche market driven by forward-thinking architects and builders, the mainstream building industry is opening up to these practices given accelerated demand and attractive tangible returns, says Canaccord.
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