So, is 30% significant? You betcha!!! NC is now in the 25% club along with the early adopters in the SW. NC catapulted to the top quartile by more than doubling the market penetration from 2008-2010. 2012 numbers are expected to exceed 30%. The local numbers as reported by the TMLS since 2009 mirror the trend.
Here’s how the Triangle and NC stack up compared to the country.
| Table 1: ENERGY STAR Single Family Production and Market Share |
Production |
Market Share |
||||||||
| State |
2008 |
2009 |
2010 |
2011 |
2008-2010 |
2008 |
2009 |
2010 |
2011 |
2008-2010 |
| North Carolina |
4,227 |
4,884 |
5,962 |
10,945 |
15,073 |
11.0% |
20.0% |
23.0% |
>25% |
18.0% |
| Triangle (per TMLS) |
746 |
1,182 |
18.2% |
29.0% |
||||||
| USA |
~100,000 |
100,000+ |
126,000 |
129,099 |
16.9% |
22.4% |
27.5% |
30.0% |
||
Date sources: www.energystar.gov and TMLS as reported by Quick Turn Appraisals.
Cumulatively NC’s market share represents 34,972 ENERGY STAR qualified homes built to date per ENERGYSTAR.GOV.
Where are the ENERGY STAR homes located? Right again, the Triangle followed by the larger metro area of Charlotte.
What is the environmental significance?
ENERGY STAR qualified homes built in 2011 are the equivalent of:
- Eliminating emissions from 5,363 vehicles
- Saving 32,440,980 lbs of coal
- Planting 8,865 acres of trees
- Saving the environment 63,623,285 pounds of CO2
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