Real estate market response to enhanced building codes in Moore, OK

Simmons, Kevin M.; Kovacs, Paul

doi:10.1016/j.ijdrr.2017.09.040

Cited by 7 publications

(4 citation statements)

References 15 publications

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“…Modest public support for a policy of this kind is unlikely to result in its adoption. Preliminary data indicate that the new building code in Moore, OK, is having little or no effect on the price and volume of home sales, despite increases in the cost of construction (Simmons & Kovacs, ). This suggests that the costs of the new code are likely to fall disproportionately on homebuilders, which would explain why the coalitions opposing enhanced building codes have included the home construction industry (National Association of Homebuilders, ).…”

Section: Discussionmentioning

confidence: 99%

“…In addition to community programs and/or advertisement campaigns, policymakers who are interested in fostering support for building codes in states like Oklahoma might consider ways to assure that the value of the enhanced building code is captured in the price of the home. As noted above, current evidence indicates that homebuilders bear the additional costs of complying with the new codes in Moore, OK (Simmons & Kovacs, ), and homebuilders are active and potent participants in the building code policy arena. If the value of the “hardened” (or “fortified”) homes is recognized (see, e.g., Awondo, Hollans, Powell, & Wade, ), such that the sale prices of these homes capture (or perhaps even exceed) the added building costs, homebuilders would be less likely to oppose the added building codes.…”

Section: Discussionmentioning

confidence: 99%

“…The study concludes that the new building code in Moore, OK, “easily” passes a benefit‐cost economic effectiveness test for the entire state by a factor of 3.2 to 1 (Simmons et al., ). In a follow‐up study, Simmons and Kovacs () cite a higher cost of approximately $4,000 per home constructed (∼$2 per square foot). Even at this cost, the code improvements pass the benefit‐cost economic effectiveness test.…”

Section: Tornadoes and Enhanced Building Codes In Oklahomamentioning

confidence: 99%

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Tornado Damage Mitigation: Homeowner Support for Enhanced Building Codes in Oklahoma

et al. 2018

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Tornadoes impose enormous costs on society. Relatively simple and inexpensive enhancements to building codes may reduce these costs by 30% or more, but only one city in the United States has adopted these codes. Why is this the case? This analysis addresses this question by examining homeowner support for more stringent building codes in Oklahoma, a conservative state that routinely experiences damaging tornadoes. Survey data show that support for mandatory mitigation policies like building codes is subject to countervailing forces. Push dynamics, including objective risk data, homeowners' risk perceptions, and damage experience, encourage support for mitigation. Pull dynamics, such as individualistic and conservative worldviews, and skepticism about climate change, generate opposition. At the margin, the pull dynamics appear to exert more force than push dynamics, creating only a weak basis of support that is not strong enough to overcome the status quo bias in a state that is cautious about regulatory measures. The concluding section offers suggestions for changing these dynamics.

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Section: Discussionmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

Section: Tornadoes and Enhanced Building Codes In Oklahomamentioning

confidence: 99%

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Tornado Damage Mitigation: Homeowner Support for Enhanced Building Codes in Oklahoma

et al. 2018

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“…Research that discusses real estate issues during crises has disproportionately focused only on the economic, social, or investment aspects [16][17][18][19][20][21][22]. However, despite the spatial dimension of cities not being addressed in real estate studies, it remains, undoubtedly, the key driver of balance among neighborhoods not only in a self-contained urban area, but also between rural and urban ones.…”

Section: Introductionmentioning

confidence: 99%

Challenges and Innovations of Real Estate for Achieving Spatial Balance in Post-Disaster Countries

Azzam

Graw

Rienow

2022

Land

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While real estate is a significant pillar of stability among communities, it can also be the most vulnerable to disasters triggered by natural or man-made hazards, which cause the spatial dimension of metropolitan areas to be disturbed due to critical variables, such as land loss, societal collapse, and changes in population distribution resulting from refugee movements, which, in turn, affect properties, causing a fluctuation in terms of equality. In this regard, the precise monitoring of spatial imbalance is an eminent instrument for achieving socio-spatial sustainability via recovery strategies. This paper provides a systematic review of 96 studies in order to analyze the spatial challenges and innovations of real estate in the aftermath of disasters with realistic projections on five case studies—from Haiti, Nigeria, Rwanda, Ethiopia, and the United States of America—varying according to the type, size, and impact of the disaster, and real estate administrative arrangements. Through the review, the challenges embodied by the legal deficit and the multiplicity of real estate tenure systems in addition to the discrimination of access rights to real estate and the insecurity of property and, subsequently, forced migration movements are highlighted. The impacts of the COVID-19 pandemic on the spatial balance of real estate have been examined. Finally, real estate innovations are reviewed to investigate the extent to which real estate can promote the spatial balance of disaster-prone nations.

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Costs of WUI Codes and Standards for New Construction

Quarles¹,

Pohl²

2020

Encyclopedia of Wildfires and Wildland-Urban Interface (WUI) Fires

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Real estate market response to enhanced building codes in Moore, OK

Cited by 7 publications

References 15 publications

Tornado Damage Mitigation: Homeowner Support for Enhanced Building Codes in Oklahoma

Tornado Damage Mitigation: Homeowner Support for Enhanced Building Codes in Oklahoma

Challenges and Innovations of Real Estate for Achieving Spatial Balance in Post-Disaster Countries

Costs of WUI Codes and Standards for New Construction

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