The cost of natural disasters last year? $91B

14 disasters, including wildfires and hurricanes, devastated regions of the country last year

TRD NATIONAL /
Feb.February 09, 2019 04:00 PM

From left: Wildfires in California in August 2018; home after Hurricane Florence (Credit: Getty)

Natural disasters caused $91 billion in damage to the United States last year, a federal government study has found.

Amid growing global concern for climate change, the National Oceanic and Atmospheric Administration analyzed the aftermath of 14 natural disasters that occurred during 2018, and found that it was the fourth most costly year on record for such events, as reported by CNBC.

The most devastating events were the California wildfires, Hurricane Florence in the Carolinas and Hurricane Michael in Florida. The three events were responsible for a combined $73 billion of damage.

Across the country, wildfires contributed $24 billion in damages, which constituted a new record for destruction by fire. Following Hurricane Florence, homebuilding in the country’s south dropped 13.7 percent.

President Donald Trump pulled the U.S. from the Paris Climate Accord in 2017 and has repeatedly mocked science surrounding the phenomenon. After he suggested on Twitter that intense snow storms that afflicted the midwest last week were evidence of climate changing being a conspiracy, the NOAA stated that “not only are severe snowstorms possible in a warming climate, they may even be more likely.” [CNBC] — David Jeans


Related Articles

arrow_forward_ios
Alex Rodriguez (Photos by Guerin Blask)

A-Rod is coming for NYC and SoFla real estate

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

There will be 70 agents based at the new office (Credit: iStock)

Compass opens Long Island City office as new-development sales surge

The Daily Digest - Tuesday

New life for Toys “R” Us, Masa Son is “embarrassed” with the Vision Fund: Daily digest

Nooklyn CEO Harley Courts (Credit: iStock)

Brokerage slashes agent commissions, delays payments after rent law change

The Daily Digest - Tuesday

NYC apartment prices hit 4-year low, Pacific Park developers reveal new plans: Daily digest

LeBron wanted it and California’s governor signed it. What the college athlete compensation law means to real estate

Racial inequality in homeownership across US is sharpest in New York: report

arrow_forward_ios