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Green Channel - November 24, 2011

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Housing Gets Greener

Dallas house earns LEED Gold: For $5 more per square-foot than a non-LEED-Gold home, the 3,200 square-foot house described in an article on EcoHomeMagazine.com is something other than the typical Dallas “McMansion.”

Modest-sized new homes: 1,433 to 1,544 square feet, built at construction costs of $139 to $150 per square-foot, the houses described in this article are about “balancing affordability, aesthetics, and performance.”

Mortgages & efficiency: Fannie Mae, Freddie Mac, and the Federal Housing Administration don’t take efficiency into account. The L.A. Times reported recently that there’s legislation now before Congress called the SAVE Act, Sensible Accounting to Value Energy. According to the article, “Here’s how it would work: Along with traditional principal, interest, taxes and insurance (PITI) calculations, estimated energy-consumption expenses for the house would be included as a mandatory new underwriting factor.”

Smaller model is more efficient: In Maryland, Camberley Homes, which is a division of Winchester Homes, “typically builds luxury homes measuring about 3,200 square feet and up,” according to Builder magazine. But the new, more-energy-efficient Branford model runs only 2,600 square-feet and costs $800,000.

Solar PV and wind turbine: A house in Kansas City, Kan. designed to earn notice and awards, incorporates various green strategies as well as rooftop photovoltaics and a 25-foot-tall wind turbine in the backyard. The turbine, “does very little in comparison to the PV, but it’s an icon in that location,” according to EcoHome.

Transforming residential: In Memphis, Tenn. the home-building industry is in the process of changing, according to The Commercial Appeal.

Will green features trump price? According to the Arizona Daily Star, “When it comes to foreclosures, new-home builders can't compete on price, said Dan Hogan, supervisor of Tucson Electric Power Co.'s residential energy-efficiency programs. So to lure buyers, they have to show that there's added value with a new home. And for many builders, that means taking on additional costs to make homes more efficient.”