Underwriting giant Allianz analyzes mass timber construction risks

Sources: Allianz Commercial, Zurich; CP staff The latest installment of the Allianz Commercial Emerging Risk Trend Talk series examines financial and life safety factors surrounding mass timber construction. Authors find a) mass timber assemblies and building methods are relatively new, while testing continues to establish a methodology for determining the performance of structural elements during a fire; b) regulatory frameworks…

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Dodge economist pegs 2017 construction growth at 5 percent

Source: Dodge Data & Analytics, New York

The 2017 Dodge Construction Outlook sees total U.S. construction starts for 2017 advancing 5 percent to $713 billion, following increases of 11 percent in 2015 and an estimated 1 percent this year. Projected 8 percent gains for both residential and nonresidential building next year will accompany an expected 3 percent drop in nonbuilding construction.

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