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LATEST CORELOGIC ECON TWEETS

Nearly 6.9 Million US Homes at Risk of Hurricane Storm Surge Damage

Total Reconstruction Cost Value is More Than $1.5 Trillion

Tom Jeffery    |    Natural Hazard Risk

Total Number of Homes at Risk Nationally Storm Surge

It’s no surprise that residential homes in the U.S. located along the Atlantic and Gulf coasts are susceptible to damage from storms and hurricanes, and data shows that potential damage from a single hurricane could exceed well beyond a billion dollars. However, the risk of storm surge flooding is not uniform along the coast and certainly not limited to states with a reputation of more...

Flooding and Damaging Wind Were Most Destructive Natural Hazards in 2016

Annual summary from CoreLogic details 2016 natural hazard events

Tom Jeffery    |    Natural Hazard Risk

Annual Frequency of Billion Dollar Hazard Events in US 1985 - 2015

Download the 2016 Natural Hazard Risk Summary & Analysis.

CoreLogic® analyzes and evaluates the number and severity of natural hazard events that occurred across the U.S....

2016 Wildfire Season Not Likely to Top Record-Setting 2015 Season

Trajectory Shows Fewer Fires and Fewer Total Acres Burned in 2016

Tom Jeffery    |    Natural Hazard Risk

In 2015, the amount of area consumed by wildfires in the U.S. topped 10 million acres for the first time, recording an annual total of 10,125,149 acres burned according to the National Interagency Fire Center.1 By comparison, the average burned acreage per year over the previous 20 years (1995-2014) was 5,820,402 acres.1 As of October 21, 2016, there were 4,989,330...

More than 6.8 Million US Homes at Risk of Hurricane Storm Surge Damage

Total Reconstruction Cost Value is More Than $1.5 Trillion

Tom Jeffery    |    Natural Hazard Risk

Total Number of Homes at Risk Nationally

Current projections for the 2016 hurricane season indicate that an average or slightly greater-than-average number of storms are expected compared with the 30-year average for the Atlantic basin. But as history has demonstrated, it is not only the number of storms that should be of concern, but also the location of the storms.1

The 2016 CoreLogic...

Multi-Year Trend of Reduced Natural Hazard Activity Continues in 2015

Low-level hazard activity results in decreased damage and loss totals

Tom Jeffery    |    Natural Hazard Risk

Looking at the big picture, 2015 was a quiet year in terms of natural hazard activity. Overall, the trend of fewer natural hazard events and decreased damage totals that occurred in 2014 continued in 2015. However, if you ask the people of South Carolina, who were hit with record-setting 1,000-year rainfall that caused $1.5 billion worth of damage, they might say it was anything but...

Could 2015 be the worst wildfire year on record?

On track for a big year, with more than 8 million acres already burned

Tom Jeffery    |    Natural Hazard Risk

Active Large California Wildfires

One of the more difficult responsibilities for any hazard scientist is to predict what the future holds. Everyone is interested in knowing how many hurricanes will churn through the Atlantic, where the next earthquake will hit or where the next big fire will occur. Unfortunately there are no definitive answers to these questions, which forces us to rely on informed predictive research and...

From Drought to Flood - the Sudden Exchange of One Hazard for Another in Texas

Tom Jeffery    |    Natural Hazard Risk

Among Texans, nearly every conversation about weather over the last several years has focused on the ongoing drought that has resulted in water supply shortages, mandatory restrictions of water use, severe wildfire conditions, and a considerable reduction in recreational lake activities and what were once “waterfront properties”.

But suddenly, the problem is not a lack of...

Hurricane Katrina: A Look Back After Ten-Years

Tom Jeffery    |    Natural Hazard Risk

The Atlantic was active in 2005 from the start of hurricane season. By late August, there had already been 10 named storms, including one Category 4 and one Category 5. Although there was damage from some of these storms, it all paled in comparison to what happened during the last week of August with the 11th named storm of the season.

Hurricane Katrina formed in the Bahamas...

Number of US Homes at Risk of Storm Surge Damage in 2015 Tops 6.6 Million

Total Reconstruction Cost Value of Homes is Nearly $1.5 Trillion

Tom Jeffery    |    Natural Hazard Risk

The U.S. Atlantic and Gulf coasts have been spared any significant hurricane damage over the past two years. While this is good news for residents living in these areas, it should not be perceived as the new normal.

New data released today by CoreLogic shows there are more than 6.6 million homes on the Atlantic and Gulf coasts at risk of damage from storm surge inundation. The...

Wildfire in 2015: Can Prior Years Tell Us What to Expect?

Tom Jeffery    |    Natural Hazard Risk

The past two years did not result in the amount of wildfire activity that many wildfire scientists, foresters and fire responders had expected. Looking back, the 2013 season had all the earmarks of a bad year, with the continued U.S. drought and related accumulation of dry fuels. The 2014 season saw an enhancement of the drought in many areas and even more trepidation about the potential for...

The Two Year Reduction in Natural Hazard Damage

A Long-Term Trend?

Tom Jeffery    |    Natural Hazard Risk

Natural hazards continue to pose a significant risk to properties in the United States and abroad. As we near the close of 2014, it is important to take time to consider the number and severity of natural hazard events that occurred this past year, and to leverage that analysis to increase the understanding of and mitigation against significant hazard risk across the U.S. and around the...

Hail

A Hazard That Should Not be Overlooked

Tom Jeffery    |    Natural Hazard Risk

One billion dollars: the amount of damage caused by hailstorms on an annual basis in the United States, yet this particular hazard is often overlooked.1 Hail is produced by convective storms, which are associated with a number of hazards, including tornadoes, flooding due to excessive rainfall and strong straight-line winds. All of these events can cause damage to property, so the...

Pinpointing Hurricane Risk Home by Home

Analysis Shows More Than 6.5 Million U.S. Homes Valued at Nearly $1.5 Trillion at Risk of Hurricane Storm Surge Damage

Tom Jeffery    |    Natural Hazard Risk

Pinpointing Hurricane Risk

This year, we’re ushering in the 2014 hurricane season, which officially began on June 1, in the wake of a fairly inactive past season and amid projections of slightly below-normal activity for the months to come. Though a number of tropical storms and hurricanes formed in the Atlantic in 2013, none made landfall in the U.S. Scientists are predicting more activity than last year in the...

Oklahoma On Fire

Wildfires Burning in Oklahoma Illustrate the Increased Threat of Current Weather and Drought Conditions

Tom Jeffery    |    Natural Hazard Risk

Western U.S. Wildfire Risk

The wildfires burning in Oklahoma last week have kicked the 2014 season into high gear right out of the gate and, as many of us feared, are an example of the extreme type of fire risk posed to homes in many parts of the country when hot and dry conditions combine with high winds. Much of the western and central parts of the U.S. have been experiencing various levels of drought severity over...