December 8, 2008
Recession Impacts Green Building
President-elect Barack Obama presented an optimistic future for green building in his weekly radio address, yet the current state of the economy is clearly impacting green building. While he proposes an investment into energy efficiency and infrastructure in the economic recovery plan, I wonder how the recession is currently affecting this industry. A recent article in the National Real Estate Investor highlights some of these impacts, recognizing both the credit crunch as well as the current low price of fuel. While the future appears to be more promising partly because of Obama’s economic recovery plan, green building is clearly taking a hit from the recession. How have builders, homeowners, architects, etc. noticed the economy impacting green building? How has the residential side of green building been affected?