Abstract: Earthquake-induced building collapses and casualties have been effectively controlled in the last two decades. However, earthquake-induced economic losses have continued to rise. Following the objective and procedure of next-generation performance-based seismic design, the economic loss prediction method proposed by FEMA-P58 (referred to as 'the FEMA-P58 method' hereinafter) is introduced in this study. The building seismic responses needed by the FEMA-P58 method for loss prediction are obtained by using multi-story concentrated-mass shear (MCS) models and non-linear time-history analysis (THA). A case study of three example buildings is performed to demonstrate the implementation of the proposed earthquake loss prediction method. The results show that when subjected to earthquakes of which the peak ground acceleration (PGA) are 0.2 g and 0.4 g, the earthquake loss mainly comes from repair costs of structural and drift-sensitive nonstructural components such as walls.