Structure collapses are extremely rare, which is why they are always news. I am not unhappy with the state of regulation when it comes to building structures that have the potential to kill hundreds or thousands of people at a time.
However I think many locations in the US way overdo regulation when it comes to residential building codes. When you buy a house, you get a professional inspection. If it comes up dangerous, then you are armed with the knowledge to make a risk decision that’s right for you.
I don’t need spacecraft level engineering on my car; similarly i don’t need skyscraper level engineering on my house.