Hurricane Harvey Impact

Video take aways:

Out of 660,000 apartment units in Houston, 100,000 were flooded.

Over 273,000 homes were damaged during the storm and another 15,528 were destroyed.

Around 38% of Houston's total gross leasable area may have been impacted by the floods.

Nearly 25% of the US oil capacity was affected due to 20 coastal refineries closing for some time.

In the future:

1. Labor and material costs will surge; perhaps up to 25% higher.  This makes both remodels/repairs plus new construction costs go up.  The builders will likely pass this off the buyer causing new home prices to rise.

2. Other Texas metros may see some Houston people moving their way in the long run (12-18 months)

3. Flood and property insurance premiums will escalate.