More than 18 million occupied rental units are exposed to climate-related risks, Harvard's Joint Center for Housing Studies said in a new study. This could strain rental stock supply, boost prices, and cause a jump in evictions. Specifically, about 18.2 million units are at risk of substantial loss damage, whether from hurricanes, wildfires, floods, earthquakes and similar hazards. "Notably, newer rental units are much more likely to be vulnerable to weather- and climate-related hazards. US rental supply is now at its oldest level ever, with millions of rental units deficient in some form.

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Persons: It's, DeltaTerra's Dave Burt Organizations: for Housing Studies, Service, Harvard's, NOAA National Centers for Environmental, Street Foundation