Hurricane Lane Threatens 48K Hawaii Homes with Reconstruction Value of $8B

A new analysis shows 48,617 homes in Hawaii with a total reconstruction cost value of roughly $8 billion are at extreme-to-very high risk of hurricane-driven flood damage from Hurricane Lane.

The CoreLogic analysis issued late Wednesday is based on National Oceanic and Atmospheric Administration’s predictions as Hurricane Lane is expected to continue to weaken as it approaches the islands.

The CoreLogic data includes only single-family residential properties likely to be impacted by a lower category storm. Due to Hurricane Lane’s weakening projections, the “Extreme” and “Very High Risk” totals are most representative of damage potential.

The National Weather Service said tropical-storm-force winds could begin as early as Wednesday afternoon on the Big Island.

Island-specific stats include:

• Hawaii – 1,881 homes at Extreme or Very High risk of flood damage, totaling just over $424 million in reconstruction value.
• Oahu – 36,083 homes at Extreme or Very High risk of flood damage, totaling just over $5 billion in reconstruction value.
• Kauai – 3,510 homes at Extreme or Very High risk of flood damage, totaling just over $923 million in reconstruction value.
• Maui – 7,143 homes at Extreme or Very High risk of flood damage, totaling just over $1 billion in reconstruction value.

Irvine, Calif.-based CoreLogic is a global property information, analytics and data-enabled solutions provider.

Related:

• Hurricane Lane Weakening as it Approaches Hawaii, But Still Strong
• Hawaii Bracing for Blow from Hurricane Lane