Builders and Consumer Perceive Green Home as Affordable to Live in – Expensive to Build?

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New Survey From Whirlpool Corporation and Habitat for Humanity International Also Find Consumers Believe Savings may be Worth the Expense

Green homes offer a wide variety of benefits from reducing carbon footprints to saving money on utility bills to even improving the health of children. However, a recent Whirlpool Corporation and Habitat for Humanity survey conducted by the NAHB Research Center (a subsidiary of the National Association of Home Builders), polled home builders, as well as consumers, and found many believe there’s a disconnect between living in a green home and purchasing one. Yet, the majority of respondents (64 percent) indicated that savings from green home features were sometimes worth the added costs and efforts. This finding was consistent across all income level groups for both renters and homeowners.

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It’s a particularly difficult position for the majority of homeowners in the United States. The consumer survey, fielded in August 2010 by the NAHB Research Center to gauge perceptions of affordable and green housing, found that the majority of High (67 percent), Upper Middle (65 percent), and Middle (59 percent) income respondents, as well as nearly half of low income respondents (48 percent), indicated they believe a completely green home would be affordable to live in or maintain. Yet only high-income respondents were more likely to indicate that a completely green home would be affordable to purchase (71percent).

“The health benefits, low utility costs and other factors make green homes ideal for all homeowners. However, it takes a united front of manufacturers, builders and organizations to help builders and consumers understand that building green can be affordable,” said Tom Halford, general manager, contract sales and marketing, Whirlpool Corporation. “There’s a need to bridge the perception gap between green-building and affordability, so that builders and families understand that options exist to improve their footprint in the long-term, while saving money and resources in the short-term.”

The builder survey, fielded July-August 2010 to members of the Research Center’s Online Builder Panel, found that 87 percent believe green homes are affordable for middle income families to live in, while 30 percent felt green homes were too expensive for the segment to purchase or build. For low-income families, 70 percent of home builders believe green homes are affordable to live in, and nearly 60 percent of builders thought green homes were too expensive for low-income families to purchase or build.

Read more at: http://oikos.com/news/2010/12.html#affordable

Disclaimer: for information and entertainment purposes only.

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