The total cost of structural fires in the United States in 2014 was $328.5 billion, according to a new report written by University at Buffalo engineers and issued by the National Fire Protection Association.
Of that total, $273.1 billion, or 83%, of the cost was attributed to outfitting new buildings with fire prevention systems, operating fire departments, fire insurance, and other expenditures. The cost associated with losses—such as deaths, injuries, and destruction of property—was $55.4 billion.
The report examined only structural fires involving residential, commercial and industrial buildings. It did not factor in wildfires, vehicle fires, and other outdoor fires.
Other findings include:
— The total cost of structural fires in the U.S. has increased by 50% from 1980 to 2014, from $218.5 billion to $328.5 billion (both in 2014 dollars).
— The total cost of structural fire in the U.S. as a percentage of the nation’s gross domestic product has dropped from 7.6% in 1980 to 1.9% in 2014, a 75% decrease.
Related Stories
| May 25, 2012
Las Vegas building codes may thwart innovative shipping container development
A developer wants to build a commercial development out of steel shipping containers in Las Vegas, but city codes would have to be altered or the project would have to obtain waivers for it to receive the city’s go-ahead.
| May 25, 2012
Collapse of Brooklyn building that killed worker blamed on improperly braced frame
The Occupational Safety and Health Administration cited SP&K Construction with 11 safety violations, for which it could face more than $77,000 in fines.
| May 25, 2012
Study: Safety inspections don’t hurt the bottom line
A new study suggests that random safety inspections by regulators help reduce injury claims without hurting profits.
| May 24, 2012
2012 Reconstruction Awards Entry Form
Download a PDF of the Entry Form at the bottom of this page.
| May 17, 2012
New standard for Structural Insulated Panels under development
ASTM International and NTA, Inc. are developing a new standard for Structural Insulated Panels (SIPs) that would create a path for U.S. manufacturers to meet the requirements of the Canadian building code.
| May 17, 2012
Webinar: ‘What Energy Codes and Standards Are Adopted Where and by Whom’
A June 12 webinar by the Construction Specifications Institute will outline what energy codes and standards have been adopted in each of the states for commercial buildings, and what is anticipated to be adopted in the future.
| May 17, 2012
California Governor orders new green standards on state buildings
California Gov. Jerry Brown issued an executive order recently that calls for all new or renovated state buildings of more than 10,000 sf to achieve LEED Silver or higher and incorporate clean, onsite power generation.
| May 17, 2012
New Zealand stadium roof collapse blamed on snow, construction defects
Heavy snowfall, construction defects, and design problems contributed to the collapse of the Stadium Southland roof in New Zealand in September 2010, a report has found.
| May 17, 2012
OSHA launches fall prevention campaign
The Occupational Safety and Health Administration (OSHA) recently launched an educational campaign to prevent deadly falls in the construction industry.