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In Response to Climate Change, Wealthy Home Buyers Add Resilience

Posted by Green Builder Staff

Aug 21, 2018 10:24:00 AM

New construction in high risk coastal areas is a booming business, as the wealthy embrace stricter building codes—while the less well off head inland.

This from Spears:

"Stricter building requirements in high-risk locations are pushing up construction costs and premiums, but not stifling demand. The Florida building codes, first released in 2010 and updated last year, provide standards for hurricane resistant buildings. De Mallet Morgan says that governments and HNWs are increasingly looking to these sorts of guidelines even at the most luxurious tranches of the global property market.

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HOMES DESIGNED TO TAKE THE HIT: SEEKING PROTECTION AGAINST GROWING THREAT OF HAILSTORM DAMAGE

Posted by Green Builder Staff

Aug 13, 2018 2:21:36 PM

When it rains, it may pour, but when it hails, it can be hellish for homeowners.

As evidenced by the latest hailstorms in Colorado, Texas and the Midwest, hail can be extremely damaging, costly and even deadly. Recent reports show that hailstorm costs are increasing in the United States, averaging $8 billion to $10 billion in damage annually and accounting for 70 percent of insured loss from severe storms.

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To Survive a Firenado, Run Away

Posted by Matt Power, Editor-In-Chief

Aug 3, 2018 4:06:26 AM

Don't assume that even the most wildfire-ready house will stand up to the increasingly ferocious firestorms being whipped up by nature.

I've written before about the challenges of trying to build a tornado-proof home. Tornadoes, with winds of 250 mph, are more than just monster storms. Think of them more like miniaturized nuclear bombs.

Research has shown that yes, if you build a cement bunker with 16-inch-thick concrete walls, you might survive a direct tornado hit--if you leave out the windows. It's no accident that storm cellars are popular in much of the Midwest.

Extreme heat this summer has escalated the probability of what were once relatively rare occurences: the "Firenado." With giant plumes of smoke and dust, and flames leaping more than 100 ft., these whirling, flaming dervishes have terrified Californians who thought they'd seen every kind of wildfire.

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2.5 Million Homes, Businesses Totaling $1 Trillion Threatened by High Tide Flooding

Posted by Green Builder Staff

Jun 19, 2018 10:42:52 AM

Study Finds Coastal Municipalities May Lose Huge Sums in Property Tax Revenue

Accelerating sea level rise in the lower 48 states, primarily driven by climate change, is projected to worsen tidal flooding, putting as many as 311,000 coastal homes with a collective market value of about $117.5 billion today at risk of chronic flooding within the next 30 years—the lifespan of a typical mortgage—according to a new report by the Union of Concerned Scientists (UCS) released today. Roughly 14,000 coastal commercial properties assessed at a value of roughly $18.5 billion also are at risk during that timeframe. By the end of the century, homes and businesses currently worth more than $1 trillion could be at risk: as many as 2.4 million homes—roughly the equivalent of all the homes in Los Angeles and Houston combined—valued at approximately $912 billion and 107,000 commercial properties assessed at $152 billion.  

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Restaurant Lifted by Microburst Lands in Mississippi

Posted by Green Builder Staff

May 22, 2018 7:32:47 PM

The short, sudden burst of wind in Pass Christian Harbor sent customers and employees diving for something to hold on to.

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