Steel Markets
September 14, 2017
Hurricanes' Impact on Housing in the South
Written by Sandy Williams
Southeast Texas, including Houston, is considered one of the most affordable large housing markets in the nation, said Svenja Gudel, chief economist at Zillow. That may change in the wake of Hurricane Harvey.
“Housing has historically been affordable in the area because it’s relatively easy to build homes there. Unfortunately, a lot of those homes were built in areas vulnerable to flooding, both on the coasts and from rising rivers and bayous farther inland.”
