New energy codes could add thousands of dollars to the construction costs of each individual apartment residence in a multifamily building, according to new research commissioned by the National Multi Housing Council (NMHC) and the National Apartment Association (NAA). The research examines the costs of adopting the 2009 and just released 2012 International Energy Conservation Code (IECC).
The latest IECC versions represent a significant departure from the 2006 IECC code, adding upwards of hundreds of thousands in additional costs to new construction. These new burdens come at a time when the U.S. is already suffering from a shortage of affordable housing.
“We support building efficiency,” said NMHC Director of Energy and Environmental Policy, Paula Cino in releasing the NMHC/NAA research. “Apartments are by definition more energy efficient than other residential options, such as single-family houses. But these codes are meant to set minimum requirements, and they set a very expensive minimum. In some cases it would take more than 200 years for the energy savings produced by the codes to pay for the required upgrades.”
Read more...NMHC, NAA Explore Impact of New Energy Codes - Multifamily News Headlines – Breaking News, Stories, Top Headlines :: MultifamilyBiz.com
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