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dc.contributor.authorBorate, Aishwarya Bharaten_US
dc.date.accessioned2018-11-14T09:00:20Z
dc.date.available2018-11-14T09:00:20Z
dc.date.issued2018-11-13en_US
dc.identifier.othervt_gsexam:17407en_US
dc.identifier.urihttp://hdl.handle.net/10919/85836
dc.description.abstractRecent hurricanes have made it clear that housing is the single greatest component of all losses in terms of economic value and buildings damaged. Housing damage resulting from floods has increased in the United States, despite local, state and federal encouragement to mitigate flood hazards and regulate development in flood-prone areas (Atreya, 2013). The two primary causes of these increased costs are: (1) a rise in the occurrence and strength of the extreme weather events, and (2) increased development and value of property in physically vulnerable areas. The overlap of the above two factors resulted in tremendous losses of property in Staten Island and other coastal communities along the Atlantic Coast. Hurricane Sandy was a reminder of how vulnerable such areas could be. After hurricane Sandy, damaged properties experienced higher than usual housing sales and changed property values. This research, seeks to improve the current state of knowledge about housing market following a major disaster through examining single-family housing sales and prices in Staten Island, New York. The housing price recovery rate was much slower for the properties that sustained damage, and the impacts lasted for at least four years after the storm. Researchers studying housing recovery have utilized a variety of indicators like financial characteristics, government policies, social parameters, damage, housing characteristics, etc. to capture the dimensions of recovery. In Sandy's case damage was the major influencing parameter, and it completely changed the housing dynamics of the affected coastal regions. Housing market, in terms of damage, restoration, and recovery, is a fundamental indicator of disaster resilience. Every community is different and so are the effects of disasters on residential markets. This study clearly highlights this point and underscores the importance of using contextual methods and data sets in conducting the research.en_US
dc.format.mediumETDen_US
dc.publisherVirginia Techen_US
dc.rightsThis item is protected by copyright and/or related rights. Some uses of this item may be deemed fair and permitted by law even without permission from the rights holder(s), or the rights holder(s) may have licensed the work for use under certain conditions. For other uses you need to obtain permission from the rights holder(s).en_US
dc.subjectHousing Marketen_US
dc.subjectSingle-familyen_US
dc.subjectSurgeen_US
dc.subjectFloodingen_US
dc.subjectDamageen_US
dc.subjectHurricaneen_US
dc.subjectSocio-economic Parametersen_US
dc.titleAnalysis of Post-Sandy Single-Family Housing Market in Staten Island, New Yorken_US
dc.typeThesisen_US
dc.contributor.departmentUrban Affairs and Planningen_US
dc.description.degreeMaster of Urban and Regional Planningen_US
thesis.degree.nameMaster of Urban and Regional Planningen_US
thesis.degree.levelmastersen_US
thesis.degree.grantorVirginia Polytechnic Institute and State Universityen_US
thesis.degree.disciplineUrban and Regional Planningen_US
dc.contributor.committeechairZhang, Yangen_US
dc.contributor.committeememberBohland, James R.en_US
dc.contributor.committeememberZobel, Christopher W.en_US
dc.description.abstractgeneralRecent hurricanes have made it clear that housing is the single greatest component of all losses in terms of economic value and buildings damaged. Housing damage resulting from floods has increased in the United States, despite local, state and federal encouragement to mitigate flood hazards and regulate development in flood-prone areas (Atreya, 2013). The two primary causes of these increased costs are: (1) a rise in the occurrence and strength of the extreme weather events, and (2) increased development and value of property in physically vulnerable areas. The overlap of the above two factors resulted in tremendous losses of property in Staten Island and other coastal communities along the Atlantic Coast. Hurricane Sandy was a reminder of how vulnerable such areas could be. After hurricane Sandy, damaged properties experienced higher than usual housing sales and changed property values. This research, seeks to improve the current state of knowledge about housing market following a major disaster through examining single-family housing sales and prices in Staten Island, New York. The housing price recovery rate was much slower for the properties that sustained damage, and the impacts lasted for at least four years after the storm. Researchers studying housing recovery have utilized a variety of indicators like financial characteristics, government policies, social parameters, damage, housing characteristics, etc. to capture the dimensions of recovery. In Sandy’s case damage was the major influencing parameter, and it completely changed the housing dynamics of the affected coastal regions. Housing market, in terms of damage, restoration, and recovery, is a fundamental indicator of disaster resilience. Every community is different and so are the effects of disasters on residential markets. This study clearly highlights this point and underscores the importance of using contextual methods and datasets in conducting the research.en


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