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Through 2017, a rebound in construction activity will propel growth in green building materials demand 11% annually to $86.6 billion, according to a new study.
Exceptionally low interest rates reportedly helped ensure a slight gain in nationwide housing affordability amid relatively stable house prices in the final quarter of 2012, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI).
The number of improving housing markets continued to expand for a sixth consecutive month to a total of 259 metropolitan areas on the National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI) for February.
While government incentives for downstream customers fueled strong growth early on, tax credits reduced the cost of solar panels, making them more affordable for consumers and businesses.
According to a recent report from Pike Research, the total capacity of BIPV systems worldwide will grow from just over 400 MW in 2012 to 2,250 MW in 2017, a more than five-fold increase.