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.