Hurricane Matthew is quickly approaching Florida, and is expected to strike the coast Thursday night. By the time it reaches, predictions show it will still be at least a category four hurricane, with a possibility of even reaching category five.
The National Weather Service said the path, which will run from Florida to the bottom tip of North Carolina, will also likely be the strongest storm in recent decades.
5 am | Matthew LIFE-THREATENING as it moves up the EAST CENTRAL FLORIDA coast. More impacting than Hurricane David & 2004 hurricanes! #flwx pic.twitter.com/nLuXYNJ4MZ
— NWS Melbourne (@NWSMelbourne) October 6, 2016
Earlier this week, the Mortgage Bankers Association of the Carolinas even postponed its annual convention indefinitely due to Hurricane Matthew.
This size of a storm will have devastating effects on homes in the area. CoreLogic compiled data that shows what the damage could be per state for each category of hurricane.
The CoreLogic storm surge analysis encompasses single-family residential structures as well as mobile homes, duplexes, manufactured homes and cabins, among other non-traditional home types.
This is the damage each of the four states could receive for each category of hurricane.
Florida:
- Category one – 124,764 homes at risk and over $24 billion in reconstruction cost value
- Category two – 358,975 homes at risk and over $74 billion RCV
- Category three – 662,476 homes at risk and over $134 billion RCV
- Category four – 954,394 homes at risk and over $188 billion RCV
- Category five – 1.2 million homes at risk and over $246 billion RCV
South Carolina:
- Category one – 35,514 homes at risk and over $10 billion in reconstruction cost value
- Category two – 123,999 homes at risk and over $32 billion RCV
- Category three – 205,038 homes at risk and over $50 billion RCV
- Category four – 287,215 homes at risk and over $67 billion RCV
- Category five – 338,640 homes at risk and over $77 billion RCV
North Carolina:
- Category one – 30,785 homes at risk and over $5 billion in reconstruction cost value
- Category two – 89,614 homes at risk and over $17 billion RCV
- Category three – 152,070 homes at risk and over $30 billion RCV
- Category four – 198,156 homes at risk and over $39 billion RCV
- Category five – 244,712 homes at risk and over $48 billion RCV
Georgia:
- Category one – 9,290 homes at risk and over $2 billion in reconstruction cost value
- Category two – 50,293 homes at risk and over $12 billion RCV
- Category three – 103,691 homes at risk and over $23 billion RCV
- Category four – 137,963 homes at risk and over $30 billion RCV
- Category five – 148,718 homes at risk and over $32 billion RCV
Overall, that is a potential total of nearly 2 million homes at risk and over $405 billion in reconstruction cost value.
