Katrina destroyed 'large share' of New Orleans houses
Sep
2
Inman News has an interesting piece comparing the loss of homes due to Katrina with other major US natural disasters, including the 1906 San Francisco earthquake.
“Economists for the National Association of Home Builders said a “large share” of the more than 200,000 homes in New Orleans is likely to be destroyed. The study defines “destroyed” as “made uninhabitable and beyond economically justified repair.”
“In comparison, Hurricane Andrew in 1992 destroyed an estimated 28,000 housing units; an estimated 27,500 housing units were destroyed by Hurricanes Jeanne, Ivan, Frances and Charley in 2004; and the 1906 San Francisco earthquake and fire reportedly destroyed about 28,000 buildings.”



