CBO estimates the flood damage homes with federally backed mortgages are expected to face in multiyear periods centered on 2020 and 2050, reflecting the effects of climate change. The agency also analyzes where that damage is concentrated.
Explaining Analytical Methods
CBO examines trends in funding and spending for the Army Corps of Engineers and explains how CBO treats that agency’s activities in its baseline and cost estimates.
CBO examines trends in funding and spending for the Federal Emergency Management Agency's Disaster Relief Fund and provides information about how CBO treats that program in its baseline and cost estimates.
Expected annual economic losses from most types of damage caused by hurricane winds and storm-related flooding total $54 billion—$34 billion in losses to households, $9 billion to commercial businesses, and $12 billion to the public sector.