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Your Flood Insurance Premium Will Probably Rise. Climate Change And Coastal Development Are To Blame

The NFIP owes more than $20 billion, money it’s had to borrow, for the most part, over the past 15 years amid intensifying floods and a proliferation of coastal development. Now FEMA, which administers the NFIP, has a plan to stabilize the program by a new rating system called Risk Rating 2.0: Equity in Action. CLICK ON THE HEADLINE FOR MORE

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Never Mind Lumber Prices. Steel Mill Products See Highest Spike Among Construction Materials

Although the recent drop in softwood lumber prices since mid-May is helping bring costs down (after having driven them up drastically earlier in the year), the decline has been offset by large increases in the prices of several other building material products, reported the National Association of Home Builders (NAHB). CLICK ON THE HEADLINE FOR MORE

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