—Reconstruction Cost Values Total Almost $40 Billion—
IRVINE, Calif. — (BUSINESS WIRE) — August 24, 2017 — CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released data analysis which shows that 232,721 homes along the Texas coast with a reconstruction cost value (RCV) of approximately $39.6 billion are at potential risk of hurricane-driven storm surge damage from Hurricane Harvey, based on Category 3 predictions. Current projections do not expect Hurricane Harvey to exceed a Category 3 storm.
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Total Number and RCV of Residential Properties for Hurricane Harvey (Graphic: Business Wire)
The table below shows the total number of properties at risk of storm surge damage for each of the five hurricane categories as well as the accompanying RCV for the Core Based Statistical Areas (CBSAs) located along the Texas coast that could potentially be affected. The RCV is the cost to completely rebuild a property in case of damage, including labor and materials by geographic location, assuming a worst case scenario at 100-percent destruction.
Total Number and RCV of Residential Properties for Hurricane Harvey
Categories represent cumulative totals
| CBSA |
At-Risk Homes |
Cat 1 | Cat 2 | Cat 3 | Cat 4 | Cat 5 | ||||||||||||
| Bay City |
Total Homes at Risk |
1,539 | 2,482 |
4,213 |
4,507 | 4,737 | ||||||||||||
|
Total RCV |
$199,720,425 |
$324,652,618 |
$574,205,313 |
$618,164,094 |
$654,399,578 |
|||||||||||||
|
Beaumont- Port Arthur |
Total Homes at Risk |
8,006 | 38,259 |
75,567 |
101,754 | 117,645 | ||||||||||||
|
Total RCV |
$992,144,728 |
$5,856,970,623 |
$12,081,775,805 |
$16,415,613,650 |
$18,987,325,909 |
|||||||||||||
|
Corpus Christi |
Total Homes at Risk |
4,341 | 14,784 |
34,802 |
57,640 | 76,242 | ||||||||||||
|
Total RCV |
$729,597,679 |
$2,614,403,134 |
$6,172,039,671 |
$10,267,141,322 |
$13,665,695,670 |
|||||||||||||
|
Houston-The Woodlands- Sugar Land |
Total Homes at Risk |
24,398 | 52,928 |
118,138 |
190,939 | 283,380 | ||||||||||||
|
Total RCV |
$3,851,603,902 |
$8,200,894,257 |
$20,820,079,983 |
$36,464,099,616 |
$53,376,561,689 |
|||||||||||||
| Victoria |
Total Homes at Risk |
0 | 0 |
1 |
13 | 32 | ||||||||||||
|
Total RCV |
$0 |
$0 |
$167,096 |
$1,573,750 |
$5,141,760 |
|||||||||||||
