Numerically Speaking
May 2016 stats and numbers from the PHCP-PVF industry. Check back every month to see a brand new set of stats! Posted 6/15/2016.
240,000
Via Dow and an EPA estimate in the ASCE 2013 Report Card for America’s Infrastructure, there are an estimated 240,000 water-main breaks per year and 4,000 to 5,000 miles of drinking-water mains are replaced yearly.
2035
From the same Dow aging infrastructure data, due to the average age of U.S. water systems, the replacement rate may jump to 16,000 to 20,000 miles of water-main pipes each year by 2035.
49.6
From the Architecture Billings Index, the year has started modestly dipping back into negative terrain. The American Institute of Architects reported a January ABI score was 49.6, slightly down from the 51.3 mark the previous month (any score above 50 indicates an increase in billings). The ABI reflects approximate 9-to-12-month lead time between billings and construction spending.
95
A national poll conducted by the Value of Water Coalition shows 95% of Americans want public officials to invest in water systems, while 60% are willing to pay more for secure water service.
79.7
A new study entitled "World Steel Pipe" from Cleveland-based industry research firm Freedonia Group shows global demand for steel pipe is projected to advance 3.5% per annum through 2019 to 79.7 million metric tons with growth paced by continued strong increases in developing markets.
28
Also from the Freedonia study, China is, by far, the world’s largest national steel pipe market with 28% of the global total in 2014 and was the primary driver of growth in steel pipe demand between 2004 and 2014.
12 Million
From Bloomberg.com’s Dan Murtaugh, the global crude oil glut shrank by 12 million barrels in January, according to London-based Energy Aspects Ltd. He adds U.S. oil production fell on a year-by-year basis for the first time since 2011 in December.
62
According to its third annual survey, LightStream, the national online lending division of SunTrust Banks, found 62% of homeowners plan to spend on home-improvement projects in 2016, an increase of almost 9% compared to 2015. The survey finds homeowners planning renovations this year will spend an average of $6,239 as compared to $5,037 in 2015. Forty percent plan to spend $5,000 or more (up from 36% in 2015) and 22% plan on spending more than $10,000 (up from 18% a year ago).