24000 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 drinkingwater 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. 50.3 From the American Institute of Architects. U. S. architecture firms reported a modest recovery in billings in February following a small dip in January. The Architecture Billings Index was 50. 3 in February, on the heels of a 49.6 reading a month earlier. New project inquiries recorded more significant growth (59.5 in Feb.; 55.3 in January). New design contracts increased almost a full point to 51.7 for the month. 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. 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 to2015. 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). $ 39.80 From the International Energy Agency, crude oil prices rose to their highest in three months in early March with Brent checking in at $39.80 per barrel and US West Texas Intermediate at $37.30. The increase is attributed to tightening supply, proposed new producer talks on coordinated output action and U.S. dollar weakness, IEA stated. 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.
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