As hurricane Ian pummels a densely populated Florida coastline, CoreLogic estimates that 7.2 million single- and multifamily residences with a combined total reconstruction value of $1.6 trillion are within the moderate and high flash flood risk bands, but that forecast will likely fall short of the storm’s total damage.
Because Hurricane Ian is slow moving, homes in high-risk areas will be subjected to strong wind fields and heavy precipitation for extended periods of time, inundating entire communities for several days after landfall.
“This forecast does not indicate every single home within these bands will flood, nor that any flooded home will sustain 100% damage up to its full reconstruction value,” said Jon Schneyer, senior catastrophe response manager at CoreLogic. “This estimate accounts for flash flooding only and excludes homes that are at risk to river and coastal flooding.”
Advertisement
Related Stories
Sustainability
Fortera Takes Concrete Steps to Reduce the Climate Impact of Cement
Clean-tech company Fortera, which uses technology to capture carbon emissions form cement manufacturing, will open its first commercial-scale operation on April 12, 2024, in California
Lighting
4 Dark Skies-Friendly Outdoor Light Fixtures
As awareness of light pollution grows, there's more interest in dark-sky-friendly lighting. These outdoor lights have a seal of approval from the International Dark-Sky Association
Business Management
WOTUS Rulings Cause Confusion for Home Builders
NAHB Housing Policy Briefing: Lack of clarity for land developers and builders regarding waters of the United States; construction labor market update
