Harvey’s hit to mortgages could be four times worse than predicted—and then there’s Irma

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Houston Population Boom Made Harvey’s Damage Much Worse. When Hurricane Harvey slammed into Houston, it hit a city that is bigger and more diverse than it was in 2000 – changes that worsened the.

Were it to land tomorrow, the damage would cost at least 100 times that amount.. category-four storms that have battered the country this year: Irma, Harvey. cost of natural disasters is getting worse not only because storms are more. there is the expectation that you need to replace buildings after about.

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On average, one to two hurricanes make landfall on the eastern coast of America every year, and of those, only 40 percent hit Florida. In 2018 Hurricane Michael made a direct and catastrophic hit on the Florida Panhandle area.

However, the current total US death toll for hurricane harvey (which was actually more intense when it made landfall in Texas than Rita)is 70, which includes at least 1 evacuation related death. That is to say, more people died just evacuating from Rita than died from all causes from Harvey.

As Hurricane Harvey – widely being described as a “life-threatening storm” – nears landfall in Texas, the hurricane has grown in strength to a Category 2 storm, the worst to hit the U.S. mainland in more than a decade.. A chaotic day in Texas is about to get even worse – and possibly deadly – as residents are being urged to “get out now.”

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As homeowners in Houston struggle to dry out and rebuild, they may also struggle to make payments on their mortgages. New estimates suggest as many as 300,000 borrowers will become delinquent on their.

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