With a historically active hurricane season underway, it’s increasingly apparent to us as industry leaders and elected officials that with natural disasters, including fires and earthquakes, on the rise, traditional homebuilding methods alone are no longer sufficient to ensure the safety and stability of our communities, as well as families’ financial futures as homeowners’ insurance costs rise and becomes more difficult to obtain. In fact, in 2023, American homeowners suffered $1.8 billion in property damage from winter storms, $4 billion in hurricane property damage, $5.6 billion in wildfire damage, more than $50 billion in damage from severe weather, and $9.2 billion in damage from floods.
Simultaneously, we race to build so we can meet the inventory shortfall generated by the housing crisis. The question is: How do we address the resilient building issue at the speed and volume necessary to help millions of Americans achieve a safe roof over their heads?
