CoreLogic released its 2023 Hurricane Risk Report today, which also happens to be the start of the Atlantic hurricane season. The numbers quoted are large: potential danger for 33 million U.S. homes, with $11.6 trillion total reconstruction cost at risk.

But the details are far more nuanced, with the company noting, "The numbers contained in this report are an analysis of the building stock that has a high probability of sustaining damage from a hurricane if one were to make a direct landfall. These numbers do not represent the potential loss from an individual hurricane or the accumulated impact of an entire season's hurricane activity."

Using data analysis, the CoreLogic identified 32 million single-family residences and a million more multifamily ones. The company then calculated estimated reconstruction total costs for residences "at moderate or greater risk of sustaining damage from hurricane-force winds."