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        Sandy to boost construction jobs as storm spurs home repairs

        Fecha:Nov 1,2012

        Demand for construction workers and materials is likely to receive a boost as homeowners in coastal areas of New York and New Jersey rebuild after their properties were devastated by flooding and heavy winds.

        “It’s the most adverse way you ever want to see positive growth,” Tom Jeffery, chief hazard scientist for CoreLogic Inc., said in a telephone interview. “But a high percent of damaged properties are going to be repaired.”

        CoreLogic, a real estate information service based in Irvine, Calif., estimated that 95,000 homes with a value of $40 billion are located in the coastal areas hit hardest by Sandy, which made landfall on the Jersey Shore the evening of Oct. 29, pushing a 13-foot (4-meter) surge of wind-driven water over levees, under foundations and into basements.

        Categoría: news

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