Green Building to Triple by 2013

Even as a deepening recession and credit freeze have curtailed real estate development, green building construction starts increased fivefold between 2005 and 2008, McGraw-Hill Construction reports. McGraw-Hill expects the domestic green building market to triple by 2013, reaching up to $140 billion in construction spending. Growing public awareness, government regulations, and bottom-line advantages are helping fuel green building’s surging popularity, the company said.