A construction venting strip to be placed at the interfaces between framing members that enclose a space. The strip acts as a conduit for the passage of air across it; prevents water from pooling on the surface of underlying framing members; seals penetrations passing through the strip and into the underlying framing members; acts as a thermal break; and may be used as a furring or shim strip. It is a linear strip of polymer with a side locating flange and a waterproof, self-sealing strip in its bottom face, The top face of the strip base has spaced pads extending therefrom with air passage channels there between. The air passage channels are configured for angular cut lines.