There has been an estimated $260 billion in flood-related damages between 1980 and 2013 in the U.S., CityLab reports.
Moreover, new research released in the journal Nature Climate Change says that there is more to come. But many homeowners are unprepared, especially in the Midwest.
“Over the next several months we’ll be working on moeling the economic damages with these flood events,” Gabriele Villarini, a hydrologist and engineer at the University of Iowa, told CityLab. “How do we move forward in a world when we have to make decisions today, for structures and projects designed for the next 50 years?
Read more on what communities and homeowners face in the Midwest at CityLab.
Related Stories
Harvard Says Remodeling Spending Downturn to Slow
Could the drop in remodeling spending from post-COVID levels regulate soon?
How to Increase Your Odds of Closing Remodeling Sales
Use these tips to hone your sales process and grow close ratio
The Remodeling Market Could Turn in Q4, Says Harvard
Repair and remodeling spending could see an uptick at the end of the year
How to Communicate with Today's Cautious Remodeling Client
Amid economic skepticism, Americans continue to spend. Now, how can you get them to spend on remodeling?
Building Materials Show Stability in 2023
Although supply chain bottlenecks have eased in recent months, shortages of some key materials persist.
Remodeler Sentiment Remains Positive
Surveys reveal a strong outlook, and how the aging population will lift remodeling
Next Year to Challenge Remodeling, Says Harvard
The latest LIRA report predicts greater decrease in home improvement and remodeling spending
Remodeling Loan Data Reveals Geographical, National Trends
An analysis of loan data shows the most popular, and least popular, states for home improvement
Remodeling Spending to Decline at Faster Rate, Says Harvard
Remodeling spending may drop for the first time since 2020, according to predictions from Harvard's Remodeling Futures Program