from the Richmond Fed
– this post authored by Hailey Phelps
On Aug. 25, 2017, Hurricane Harvey hit the coast of Texas. Over the next four days, the storm dumped about one trillion gallons of rainwater onto Houston. At its peak on Sept. 1, 2017, one-third of Houston was underwater. The total cost of the destruction was $125 billion, which included damage to over 300,000 structures (more than 200,000 homes) and one million vehicles.
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