WTCA Update: Post Katrina Housing Analysis
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WTCA Update: Post Katrina Housing Analysis
- Current damage estimates for Hurricane Katrina are between $150 and $200 billion, four times the damage caused by Hurricane Andrew in 1992.
- Close to 250,000 housing units were destroyed in metropolitan New Orleans alone.
- By 2008 only about 100,000 of the housing units lost to Katrina will be replaced in Louisiana.
- Over the next three years, housing starts for the Gulfport-Biloxi and Pascagoula (Mississippi) areas will exceed pre-Katrina estimates by about 22,000 units.
2006 March