Florida Housing Affected by Hurricanes Takes Years to Reconstruct
Hurricane Katrina has wounded the Florida housing construction industry by driving up the price of building materials and causing a shortage of supplies that were already scarce. But according to a National Association of Home Builders study, that’s not the only way the storm has monumentally impacted the Florida housing industry.
According to the study, which researched the issuance of building permits since Hurricane Andrew hit the state, replacing Florida housing blow away in the storm took years to begin rebuilding. Most of the reconstruction “focused on repairing damaged homes, not building new ones.”
New construction of Florida housing may be crippled further by the fact that Katrina hit hardest in other states. This could mean that reconstruction efforts will be focused elsewhere and may not begin or reach full swing in Florida for even longer than after Hurricane Andrew.
According to the study, which researched the issuance of building permits since Hurricane Andrew hit the state, replacing Florida housing blow away in the storm took years to begin rebuilding. Most of the reconstruction “focused on repairing damaged homes, not building new ones.”
New construction of Florida housing may be crippled further by the fact that Katrina hit hardest in other states. This could mean that reconstruction efforts will be focused elsewhere and may not begin or reach full swing in Florida for even longer than after Hurricane Andrew.
