March 12, 2007—Jerry Yudelson, principal at Yudelson Associates, a leading green building consulting firm, recently projected the 2007 green building market at nearly $30 billion.
“With the accelerating concern over climate change and solid green building growth in 2006 behind us, we can now foresee a $30 billion (construction value) market ahead in 2007. The market interest in green buildings is just exploding,” he said.
Based on market activity in the first two months of 2007, Yudelson now projects 1,700 new LEED project registrations, at a construction value of $26 billion.
In addition, Yudelson cited the rapid growth in the green housing market, which he puts at 15,000 new starts this year, at an average of $250,000 each, for a total of nearly $4 billion in new construction.
Yudelson pointed out that his estimates include only those green projects that expect to certify their achievements under a commercial or residential green building system.
Yudelson is a green building consultant and senior editor of a Web site on green building. For more information, see the Web site.
