Michael Carliner
Michael Carliner
although andrew assessment beyond destroyed dwarf estimated flooded homes housing hurricane number official orleans previous
Although there's no official assessment yet, I think the number of housing units destroyed is going to dwarf any previous disaster. Hurricane Andrew was estimated at 28,000 homes destroyed. The number of homes that are flooded now, that are probably beyond repair, is probably much larger. There are 200,000 homes in New Orleans alone.
homes supply
Excluding homes that haven't been started, the months' supply is historically low.
bound effect event homes huge hurricane materials overstate worse
I don't want to overstate it but this is such a huge event it's bound to have a big effect on many construction materials and other construction costs. This is 10 times worse than Hurricane Andrew, when 28,000 homes were destroyed.
among family gone living oldest people share
Among the oldest households, the share of people living with their family has gone down, but among people in their 50s and 60s it has gone up.