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New FEMA study projects implementing I-Codes could save $600 billion by 2060
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New FEMA study projects implementing I-Codes could save $600 billion by 2060
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New FEMA study projects implementing I-Codes could save $600 billion by 2060
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Trade Publication Article
New FEMA study projects implementing I-Codes could save $600 billion by 2060
2020
Overview
“With incredible analytic detail, this study reaffirms what so many studies before have concluded - adopting and implementing the I-Codes is one of the most effective ways to safeguard our communities against disasters,” said Code Council Chief Executive Officer Dominic Sims, CBO. Based on a database of more than 18 million actual buildings constructed since the inception of the I-Codes in 2000, the frequency of hazard events across the country, and the contents and edition of the International Residential Code (IRC) and International Building Code (IBC) in effect in each locality where post-2000 construction took place, the study found: - The IRC and IBC provided more than $27 billion in cumulative mitigation benefits against flood, hurricane wind, and earthquake hazards from 2000 to 2016. More Resources: Information on how building codes help communities mitigate hazard risks Summary of FEMA’s report Full FEMA report: “Building Codes Save: A National Study” Appendices: “Building Codes Save: A National Study” For more information about the building codes adopted in your community, click here.
Publisher
SGC Horizon Building & Construction Group
