Green Housing is Red Hot

green housing

The green housing market continues to grow, with green projects making up 20 percent of all newly built homes last year, according to McGraw Hill Construction. Researchers predict the share will rise to 29 percent and 38 percent of new U.S. homes by 2016.

“The green building market has evolved beyond the crunchy-granola, Boulder types,” says David Johnston, co-author of “Toward a Zero Energy Home,” who is based in Colorado. “We have mainstream builders doing this.”

Big homebuilders, such as KB Home and Nexus Energy, are moving energy efficiency to standard practice.

The government is also providing federal tax credits to help spur demand of green home features, such as tax credits for insulation that reduces energy loss or for geothermal heat pumps. Home owners may be eligible to claim rebates from their utility company, town, or state for certain green features as well.

Green homes tend to cost between 5 percent and 10 percent more than traditional homes, according to Nexus Energy Homes COO Bruce W. McIntosh.

But when it comes time to sell, studies suggest home owners will likely see a boost in price. Homes in California with a green label sold for about 9 percent more than comparable homes without the green label, according to a 2012 study by professors at the University of California, Berkeley, and the University of California, Los Angeles.

Source: “Green Goes Mainstream for New Homes,” The Wall Street Journal (May 2, 2013)

Search all Virginia Beach VA homes for sale.

April Partida is a Professional, Experienced and Results Oriented, Top Virginia Beach VA Realtor committed to meeting your needs.

April has distinguished herself as a leader in the Virginia Beach Virginia real estate market. April assists buyers looking for Virginia Beach VA real estate for sale and aggressively markets Virginia Beach homes for sale. April is also a Short Sales and Foreclosures Resource Specialist (SFR). Avid foreclosure and short sale expert, committed to helping families in financial hardship find options to foreclosure.

You can reach April at 757-227-1777 or by email,


One thought on “Green Housing is Red Hot

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s