Each summer time, residents alongside the Gulf of Mexico and Atlantic Ocean coasts brace for hurricane season. A storm surge evaluation has discovered that 6.5 million single-family houses on the coast are liable to flooding throughout this 12 months's hurricane season, in accordance with actual property researcher CoreLogic.

Contemplating that oceanfront houses are among the many most useful properties alongside the coasts and likewise on the entrance traces of coming storms, the prices related to such flooding are additionally excessive.

Flooding from storm surges collectively represents $1.5 trillion in potential reconstruction prices, in accordance with CoreLogic.

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When tropical storms strengthen, their winds and low stress trigger water to gather. The mass of water might hit the coast and stream over low-lying lands.

Even when hurricanes don't fall into the best class, storm surges can happen, warns Thomas Jeffrey, senior hazard scientist at CoreLogic.

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The forecast for this season is that there’s barely much less storm exercise than regular.

“However the early arrival of Hurricane Arthur on July 3 is a vital reminder that even a low class hurricane or robust tropical storm can produce robust tides, modest flooding and important property destruction,” he mentioned.

Superstorm Sandy is an efficient instance of this. By the point it hit the Atlantic coast in 2012, it didn't even meet the strict definition of a hurricane, however nonetheless managed to trigger an estimated $68 billion in injury from the wave of water it swept alongside the shoreline. brought on. Solely Katrina, the most costly pure catastrophe in American historical past, price extra.

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There are 19 states within the path of the Atlantic and Gulf storms.

Densely populated Florida, with its shallow location, is at biggest threat. There are 2.5 million houses that could possibly be affected with potential injury prices of just about $500 billion.

Different weak states embrace Louisiana, the place 750,000 houses are in danger, New York had 466,919 houses, New Jersey 445,928 and Texas 434,421.

CNNMoney (New York) First revealed July 10, 2014: 10:47 am ET