Big Storms Are Turning Home Lifting Into a Big Business

  • House lifting has long been a strategy for waterfront real estate, but it is now becoming a far bigger business due to climate change.
  • New Jersey tops the list of states with the most homes that are expected to see at least one major flood per year by 2050. More than 74,000 homes will be affected, according to Climate Central.
  • New Jersey is followed by Florida (57,865), California (36,845), Louisiana (33,372) and North Carolina (33,334).
READ  Will business models like DoorDash, Instacart, or Uber Eats, ever be profitable?

With storms intensifying, rainfall increasing and sea levels rising, waterfront property owners have to get more creative. For some, that means moving to higher ground, but for others, it’s just moving the house higher.

House lifting has long been a strategy for waterfront real estate, but it is now becoming a far bigger business due to climate change.

“The more that things flood, the more there’s going to be a need for it,” said Mike Brovont of Wolfe House and Building Movers. He’s been in the house-lifting business for more than two decades.

READ  Empty Lots, Angry Customers: Chip Crisis Throws Wrench Into Auto Business…

Brovont points to flooding hot spots like Houston, Louisiana, Alabama and Mississippi. “Of course, New Jersey and Connecticut shoreline are always susceptible to that as well,” he added. “And then you get those high tides, what they call king tides in some areas. You get that combined with a storm coming in, and that can just do tremendous damage.”

www.cnbc.com/2021/04/19/house-lifting-is-big-business-following-a-record-year-of-storms.html

400 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.