Our friends at the Southeast Energy Efficiency Alliance recently published the following article regarding a growing trend in the real estate market: buyers are willing to pay a premium for homes that are more energy efficient. We’ve posted the article below. Keep in mind that insulation and air sealing are proven to be the most cost-effective way to insure your home uses less energy. For a free evaluation of your insulation improvement possibilities, contact us.
To complement SEEA’s recently released white paper, Construction, Code and Commerce: The Economic Impact of Commercial Energy Codes in the Southeast, SEEA has now added a similar analysis of the impact of energy codes on the new construction of single-family homes in the region. This report is called Residential Construction Review, 2005 to 2013.
Its goal is to evaluate residential construction trends in the southeastern United States through the filter of newer state-level energy codes, identifying any impacts these codes may have had. The report, which is specifically useful for local planning departments, utilities, state energy offices, builders and developers, includes the following elements:
- New residential construction permit numbers for all 11 SEEA states from 2005 through 2013;
- Maps of the top counties in each state for new residential construction permits; and
- Comparative code-specific information, including residential energy code status and the effective date for each state.
One key observation coming from this data is there is no evidence that stronger residential building energy codes depress residential construction activity in the Southeast. Other factors, including mortgage interest rates, credit availability, population growth, income demographics and size of current housing stock, appear to be more influential in determining construction activity levels.
The full report can be found here.
If you have questions about the report, or would like to see it expanded to include additional analysis, please contact Ashley Fournier at email@example.com.