WASHINGTON, DC, December 13, 2023 –With a severe shortage of affordable housing in the United States, renters living along the East and Gulf coasts are uniquely vulnerable to hurricane disasters. Two new studies based on data from 2009 to 2018 show that renters living along the East and Gulf coasts of the United States face rent increases, higher eviction rates, and a lack of affordable housing in the aftermath of a hurricane. The research will be presented in December at the annual meeting of the 2023 Society for Risk Analysis Annual Conference in Washington, D.C.
Both analytical studies are based on 10 years of data (2009 to 2018) on housing, hurricane disasters, and socioeconomic factors at the county level in 19 coastal states — from Maine to Texas. The time period includes devastating hurricanes such as Irma (2011), Sandy (2012), and Matthew (2016).
The Impacts of a Hurricane on Rent Affordability
To continue reading the rest of the article, please click on the source link below:
https://www.miragenews.com/us-renters-suffer-most-in-hurricane-aftermath-1143213/
© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
