FEMA study projects implementing I-Codes could save $600B by 2060
FEMA released its landmark study, “Building Codes Save: A National Study,” featuring an in-depth look at the quantified benefits — avoided losses to buildings and building contents — from adopting modern building codes and standards. As the frequency and severity of natural hazards continue to increase year-over-year, this study reaffirms that building codes continue to be the best first line of defense.
“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 CEO Dominic Sims, CBO. “But further strides must be made in states and localities where the report identifies there are no codes adopted or where codes have not been updated this century. We thank FEMA for highlighting the value of and need for coordinated action at all levels of government that is critical to ensuring our homes and businesses are best positioned to weather the increasing hazard risks posed by our changing climate.”