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Economic and Policy Issues for Wind-Resistant Construction

This chapter summarizes recent research first on the policy prescription of building codes designed with wind engineering principles, then on research concerning how markets for wind-enhanced construction offers other channels for increased resilience. Florida’s statewide building code was enacted after Hurricane Andrew; it was the first statewide building code designed for wind. But non-synoptic systems, such as tornadoes, also cause high levels of damage, so the city of Moore, Oklahoma, adopted a code to address that threat. The first purpose of this chapter is to conduct an analysis of the cost-effectiveness of these codes. An examination of other states that may also justify stronger codes follows. Finally, the chapter reviews research on how real estate markets value voluntary mitigation. Using markets for above-code construction provides opportunities to increase resilience in states where stronger building codes are not adopted.