Weather Factors into Rental Housing

Industry News,

The increased frequency of natural disasters in the country has put many rental units at risk. According to "America's Rental Housing 2024" from the Joint Center for Housing Studies of Harvard University, 18 million occupied units, or 41%, are in locations that can expect "substantial expected losses" from disasters such as wildfires, earthquakes and hurricanes.

"Ultimately, increasing assistance for pre-disaster retrofits, supporting affordable housing providers with insurance costs, and investing in regional coordinated planning are critical to ensuring rental homes and operators are equipped to meet the challenges of climate change while preserving affordability," according to the study.

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