The Institute for Business & Home Safety (IBHS), a not-for-profit applied research group supported by property insurers, issued a study of property damage from last September’s strike of Hurricane Ike near Galveston, Texas. It concludes that significantly more Gulf Coast homes and businesses are at risk of disastrous flooding from such storm surges than previously recognized. Photo: The Institute for Business and Home Safety Related Links: Damage Report: Study Claims Codes Are Still Weak The federal National Flood Insurance Program’s base flood-elevation requirement for homes on the area ranged from 13 ft for homes built in the 1970s and 17
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.