This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Important To Understand How To Value Homes That Incorporate Green Or Sustainable Building Methods, Says Genworth Mortgage Insurance Video

RICHMOND, Va., Nov. 5, 2013 /PRNewswire/ -- Lenders increasingly will need to understand how to value homes that are built or renovated using "green" or sustainable building methods, according to the latest video released today by Genworth Mortgage Insurance (MI), the Raleigh, NC-based unit of Genworth Financial Inc. (NYSE: GNW).

Adam Johnston, chief appraiser for Genworth MI, said housing industry participants expect a significant increase in green activity. "In 2011 about 17 percent of residential construction was green homes, according to a National Association of Home Builders study conducted with McGraw Hill Construction. By 2016 green homes are expected to be 29 to 38 percent of the market by value, possibly reaching about $114 billion of activity," said Johnston. He said Genworth MI is studying the green market to better understand what it means to home buyers and the housing industry.

Genworth created the video to help its lender partners and others begin to understand considerations in valuing green homes. "While not all markets show signs of people paying measurably more for many of the common items we would classify as green, we do see an improvement in recognition of that area," said Johnston."As we gain greater understanding of the green features and benefits that drive value, those and other factors may influence how we underwrite borrowers and value homes." For example, the lower utility and maintenance costs that result from incorporating well-designed energy-saving and sustainable features can make both new and existing homes more affordable for owners over the long term, he said.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,598.20 -91.66 -0.52%
S&P 500 2,098.04 -5.80 -0.28%
NASDAQ 5,115.3820 -12.8990 -0.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs