A green label on a single-family home in California provides a market premium compared to a comparable home without the label, according to a new study co-authored by Nils Kok (UC-Berkeley) and Matthew E. Kahn (UCLA). The authors found that a green home label — Energy Star, LEED, GreenPoint Rated — adds an average nine percent price premium, or about $34,800 more than homes without a green label using the average home price of $400,000 in California.
One thing I’ve noticed is the fact that home building is changing in a big way. In order to capture what’s going on across the country, I thought it would be interesting to talk with influencers and innovators about things like tiny houses, prefabrication, sustainable design, high performance construction, and home technology. For this first interview, I was able to exchange emails with Sam Hagerman, co-owner of Hammer & Hand and president of the Passive House Alliance US, on the topic of ADUs and Passive Houses.
Green homes comprised 17%, or $17 billion, of the overall residential construction market in 2011, according to new findings in the Green Home Builders and Remodelers Study by McGraw-Hill Construction. Mc-Graw Hill predicts green homes will gain market share over the next few years to between 29-38% of the market by 2016 — a market that could equate to $87-114 billion by these forecasts.