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Homes and Commercial Buildings Seek Green Certification, Business and Industry Trends Analysis

In a growing trend, many homebuilders across the U.S. are constructing homes in accordance with the National Association of Home Builders’ (NAHB) “green” specifications.  The NAHB’s green specifications require resource-efficient design, construction and operation, focusing on environmentally friendly materials.  An effort to save energy and reduce waste is spurring this trend.  In addition, local building codes in many cities, such as Houston, Texas, are requiring greater energy efficiency to be incorporated in designs before a building permit will be issued.
Meanwhile, New York City passed Local Law 97 in 2019 which requires buildings to lower emissions by 40% by 2030, and 80% by 2050.  Most of the emissions are generated from boilers and heaters.  New York nonprofit Urban Green Council estimates that the law will create a $20 billion market for building retrofits of roughly 50,000 buildings over the next 10 years.  Projects will include LED light bulbs, triple-pane windows and installing more efficient heating and cooling equipment and heat pumps.  In addition, massive numbers of solar panels are expected to be installed on buildings, to add up to 1,000 megawatts of solar capacity by 2030.


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