As of 2020, the reconstruction of single-family homes at risk of storm surges from hurricanes in the United States could cost as much as 1.7 trillion U.S. dollars. When considering hurricanes of category 1 and 2 alone, reconstruction costs could be as high as 630 billion dollars. At the time, there were more than seven million single-family homes at risk of storm surge in the U.S.
Reconstruction cost of single-family homes at risk of storm surge in the United States as of 2020, by hurricane category
(in billion U.S. dollars)
considering states in the U.S. Atlantic coastline (ranging from Texas to Maine)
Supplementary notes
According to the source, the risk categories are cumulative and increase in value from Category 1 to Category 5. Category 1 represents the higher risk of damage from a weak hurricane; Category 5 includes Categories 1 to 4 and the low risk of damage from a Category 5 hurricane.
Reconstruction cost represents the cost to completely rebuild including labor and materials by geographic location.
The source does not specify the publication date. The release date given is the date of access.
Figures have been rounded.
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Insurance Information Institute. (October 13, 2021). Reconstruction cost of single-family homes at risk of storm surge in the United States as of 2020, by hurricane category (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1269629/reconstruction-cost-homes-risk-storm-surge-us-category/
Insurance Information Institute. "Reconstruction cost of single-family homes at risk of storm surge in the United States as of 2020, by hurricane category (in billion U.S. dollars)." Chart. October 13, 2021. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1269629/reconstruction-cost-homes-risk-storm-surge-us-category/
Insurance Information Institute. (2021). Reconstruction cost of single-family homes at risk of storm surge in the United States as of 2020, by hurricane category (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1269629/reconstruction-cost-homes-risk-storm-surge-us-category/
Insurance Information Institute. "Reconstruction Cost of Single-family Homes at Risk of Storm Surge in The United States as of 2020, by Hurricane Category (in Billion U.S. Dollars)." Statista, Statista Inc., 13 Oct 2021, https://www.statista.com/statistics/1269629/reconstruction-cost-homes-risk-storm-surge-us-category/
Insurance Information Institute, Reconstruction cost of single-family homes at risk of storm surge in the United States as of 2020, by hurricane category (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1269629/reconstruction-cost-homes-risk-storm-surge-us-category/ (last visited December 22, 2024)
Reconstruction cost of single-family homes at risk of storm surge in the United States as of 2020, by hurricane category (in billion U.S. dollars) [Graph], Insurance Information Institute, October 13, 2021. [Online]. Available: https://www.statista.com/statistics/1269629/reconstruction-cost-homes-risk-storm-surge-us-category/
