How many US homes are in danger from hurricanes?

The data accounts for National Oceanic Atmospheric Association (NOAA) forecasts of an above-normal hurricane season this year, with 21 named storms and up to 10 hurricanes, three to six of which could be major ones.

The report affects both the property and industry sectors as storms take a toll on the housing economy with noticeable spikes in mortgage delinquency rates as well as loss in housing inventory. In 2021, after Hurricane Ida made landfall, 30-day mortgage delinquencies in Houma, LA rose from 1% to 7%. Home prices took longer than usual to recover, and rents weakened as workers and families relocated.

Insurers will play an important role in supporting community resilience in the coming year and hurricane season, ensuring adequate home and flood insurance as hurricanes affect communities beyond the immediate aftermath.

Read more: Housing market slows retreat from rising seas, bigger storms

Among the top 15 metropolitan areas and states with the greatest number of SFRs and MFRs at risk of storm surge and wind damage, the New York City metro area was the most at risk. Nearly 900,000 SFRs and MFRs are at risk of storm surge damage, while over four million SFRs and MFRs with more than $2.2 trillion in RCV are at risk of wind damage.