Severe weather’s impact on housing
CoreLogic looks at recent weather-related costs to the nation’s housing in its 2021 Climate Change Catastrophe Report. It says that severe weather across the U.S. in 2021 caused $56.92 billion in property damage and breaks down losses by region, weather event and the number of homes affected.
California’s Caldor and Dixie wildfires impacted 4,101 homes and caused $1.46 billion in damage, with reconstruction costs valued at $0.73 billion.
Severe weather, including hailstorms, tornadoes and straight-line wind events, affected 563,627 homes and caused $7.46 billion in damage, with reconstruction costs valued at $123.7 billion.
Hurricanes impacted 1,223,860 homes in the Gulf Coast and the Northeastern U.S., causing $33 billion in property damage with reconstruction costs valued at $395.39 billion.
The winter freeze in the Central U.S. impacted 12,764,941 homes and caused $15 billion in property damage, with reconstruction costs valued at $2.27 trillion.