NAHB study reveals what “green” means to home buyers
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What do consumers think of green homes? And, what are the most important elements of a green-built home? Builders and other industry professionals now have an opportunity to find out what green means to home buyers with a new publication from the National Association of Home Builders (NAHB).
NAHB’s publishing arm, BuilderBooks, recently released What Green Means to Home Buyers: Perceptions and Preferences, a study of consumer preferences focusing exclusively on green/high-performance features in the home and the community. The study examines consumers’ attitudes of various green features, concepts or terminologies, the resonance of those terms as potential marketing tools, and the likelihood that the home purchase decision may be influenced by any of these features or terms.
The study was conducted by NAHB in 2015 and is based on a survey of home buyers nationwide. Results from the study are available by age, income, race and Census division, among other demographic characteristics.
“This new study is an incredibly useful tool to help builders and remodelers determine not only consumer attitudes towards green homes, but also which green features consumers care most about,” said NAHB Chairman Tom Woods, a home builder from Blue Springs, Mo. “We have seen incredible growth in green and sustainable building over the years, and the results of this survey only further solidify the continued consumer interest in green building, and which attributes matter most these buyers.”
The key findings include:
Top Influencers in a Home Purchase Decision:
90% Safe community
88% Energy efficient
85% Low maintenance
85% Lower operating costs
Common Words Home Buyers Use to Describe Green Homes:
32%: Efficient, Energy Efficient, Water Efficient, High Efficiency
15%: Eco-friendly, Environmentally-friendly, Environmentally-responsible, Environmentally-safe, Environmentally-conscious
8%: Solar, Solar Power, Solar Energy, Solar Panels
4%: Lower Costs, Lower Utility Bills, Saves Money
What Green Means to Home Buyers: Perceptions and Preferences is available for purchase ($115.95 Retail/$79.95 NAHB Member, ISBN 978-0-86718-739-7) at BuilderBooks.com or by calling 800-223-2665. The eBook is available at ($89.99 Retail/$55.99 for NAHB Members).
Read more about green home building.