Mcgraw-Hill report shows green building starts and perceived value both grow!

McGraw-Hill Construction released a report in November 2008 that found the value of green building construction starts was up five-fold from 2005 to 2008.

According to the report, Green Outlook 2009: Trends Driving Change, starts were up from $10 billion in 2005 to $36 to $49 billion this year and could triple by 2013, reaching $96 to $140 billion.

The report is based on data found in the McGraw-Hill Construction Network and found that, since 2005, the perceived benefits of green building have increased as people become more informed about green building.

The decrease in operating costs is the most often cited benefit (13.6 percent, up from 8 percent to 9 percent in 2005),

Next is the increase in building values (10.9 percent, up from 7.5 percent in 2005).

The McGraw-Hill Cos. (NYSE: MHP) is a global information services provider with more than 280 offices in 40 countries and $6.8 billion in sales in 2007.