How Construction and Socioeconomic Resource Availability Affected Housing Recovery after Hurricane Sandy

Pradhan, Srijesh; Arneson, Erin; Valdes-Vasquez, Rodolfo; Mahmoud, Hussam

doi:10.1061/nhrefo.nheng-1703

Nat. Hazards Rev.

2023

DOI: 10.1061/nhrefo.nheng-1703

|View full text |Cite

How Construction and Socioeconomic Resource Availability Affected Housing Recovery after Hurricane Sandy

Srijesh Pradhan

Erin Arneson

Rodolfo Valdes-Vasquez

et al.

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2023

Publication Types

Select...

Article1

Relationship

Self Cite0

Independent1

Authors

Journals

Cited by 1 publication

References 35 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

Housing market dynamics of the post-Sandy Hudson estuary, Long Island Sound, and New Jersey coastline are explained by NFIP participation

Poudel,

Caridad,

Elliott

et al. 2023

Environ. Res. Lett.

View full text Add to dashboard Cite

How flooding affects home values can determine the path of economic recovery for communities and have lasting impacts on national and global financial systems. Yet, our understanding of how flood insurance, community risk perception, and past flooding events shape future housing prices remains limited. To explore this, we used a Socio-Environmental (SE) model and studied the temporal impacts of flooding on mean housing values across 496 coastal census tracts of New York, Connecticut, and New Jersey, US, from 1970 to 2021. The modeling exercise demonstrated that the initial economic impact of Hurricane Sandy was largely absorbed by the National Flood Insurance Program (NFIP); however, the region then exhibited a long-term decline in home values, which was well described by an Interrupted Time Series (ITS) model. We found significant correlations between SE model parameters describing housing price change and those describing tract-scale behaviors and perceptions, suggesting that the salience of past flooding events and NFIP participation may be important regional drivers of housing prices. Tracts with greater post-flood change in active insurance policies exhibited larger decreases in mean home values than those with more stable NFIP participation. An improved understanding of relationships between housing prices, flood insurance, and community perceptions could support more equitable distributions of resources and improved policy interventions to reduce flooding risk.

show abstract

Housing market dynamics of the post-Sandy Hudson estuary, Long Island Sound, and New Jersey coastline are explained by NFIP participation

Poudel,

Caridad,

Elliott

et al. 2023

Environ. Res. Lett.

View full text Add to dashboard Cite

show abstract

scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.

Contact Info

customersupport@researchsolutions.com

10624 S. Eastern Ave., Ste. A-614

Henderson, NV 89052, USA

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Blog Terms and Conditions API Terms Privacy Policy Contact Cookie Preferences Do Not Sell or Share My Personal Information

Made with 💙 for researchers

Part of the Research Solutions Family.

How Construction and Socioeconomic Resource Availability Affected Housing Recovery after Hurricane Sandy

Cited by 1 publication

References 35 publications

Housing market dynamics of the post-Sandy Hudson estuary, Long Island Sound, and New Jersey coastline are explained by NFIP participation

Housing market dynamics of the post-Sandy Hudson estuary, Long Island Sound, and New Jersey coastline are explained by NFIP participation

Contact Info

Product

Resources

About