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The National Association of Home Builders has released results from a survey of multi-family builders and developers, showing that professionals in the multi-family market are becoming more interested in building green.
Seventy-four percent of respondents said that buyers and renters are willing to pay more for green amenities, though the median additional amount they are willing to pay is only about 2 percent, according to the survey.
The survey also found the following:
• 89 percent of respondents reported they are installing energy-efficient appliances and lighting in their multi-family communities.
• 79 percent are using windows with low-emittance (Low-E) glass, which helps block the transfer of radiant heat by using a special coating.
• 64 percent are using recycled and recyclable products.
• 50 percent are using significantly more insulation than required by the building code, a number that rises to 70 percent of West Coast respondents.
“Apartments and condos are inherently green, because they offer more compact development to begin with," said Steve Patterson, chairman of NAHB's multi-family leadership board. "With today's heightened consumer interest in green, multi-family builders are embracing more green and recyclable products and are more willing to invest in energy efficiency."