Moody’s: Damage from Harvey and Irma could hit $200B

The combined value of property destroyed by Hurricane Harvey in the Gulf Coast and Hurricane Irma in Florida could hit between $150 billion and $200 billion, CNBC reported, citing Moody’s data. The ongoing shortage of skilled construction labor is one of the biggest hurdles expected to impact rebuilding efforts. Even before the storms, seven in 10 contractors nationwide said they had trouble finding qualified workers, according to a survey last month by the Associated General Contractors of America.

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