GREEN HOMES

Green Homes

Green Homes

Description of Green Homes in Home building industry (HBI)

Green manufacturing is the shining spot in an elsewise strong economy, and in certain segments, that rate of development has been amazing. In nonresidential housing and buildings, for instance, the green constructing piece of the pie is even higher than the on the whole business sector. Today, a third of all new nonresidential development is green—a $54 billion business sector chance. In five years, nonresidential green manufacturing movement is needed to triple, speaking for $120 billion to $145 billion in new development (40%-48% of the nonresidential business) and $14 billion to $18 billion in major retrofit and remodel ventures. To separate it further, human services development not long from now is wanted to develop its green impart to the extent that 40% (esteemed at $8 billion-$9 billion in 2010)—uncommon development in only two years. Instruction (esteemed at $13 billion-$16 billion in 2010) and office green development (esteemed at $7 billion-$8 billion in 2010) likewise remain solid segments, indicating heightened expands in piece of the pie, owed to some degree to the way that greater tasks are the unavoidably set to "develop environmental awareness (Koch, 2010).

Technology needed to enter Green Homes Market

There are several technologies which are required while entering into the green house market. First of all the technology of developing thermal sheets is necessary which can be used as insulation in green homes. Electro chromic Windows and glasses are required which can maintain the light level and heat level during winters and summers in the green homes. Technology for building Solar Power Panels is necessary which can reduce the consumption of electricity in the house while providing heat and power to electric appliances with the help of light from sun. Making Geo Thermal Heating equipment which is cheaper than the prevalent Natural Gas which is used for heating and cooking purposes in the homes. Technical Knowledge of providing the relevant equipment which should be designed according to the location where house is being made. The usage of Biodegradable material while constructing the house because the main objective of the home is to be energy efficient.

Green Homes Market Overview

The Green homes market share has increased tremendously over previous 7 years. The growth patterns observed are 5% in 2005 to 17% in 2007. The green homes have been increased in terms of 5 fold growth over the period. Builders have reported that their 60% of the projects now consists of green homes and there is a positive consumer trend towards the green homes. The expectations of the builders are that in future 90% of the projects will consists of green homes. Remodelers in the business industry have shown that more than 60% of their projects which are redesigned are green homes. The business impacts on the builders profitability by construction of green homes is more as compared to conventional houses. 40% of the remodelers and builders have reported positive impact on their incomes (McGrawHill, ...