Two recent statistics on termite damage on a national and per homeowner level include:
• Each year, termites and similar pests cause an estimated $30 billion in damage to crops and man-made structures in the U.S.
• A homeowner who discovers termite damage will spend an average of $3,000 to repair the damage.
The actual amount of wood a colony can destroy depends on the type of termite, size of the colony, type of wood, condition of the wood, what other food sources are available and even the temperature. (Termites are less active in cooler temperatures, although they are active year-round in most states.)
Because Formosan termite colonies typically are larger than other subterranean, drywood or dampwood colonies, they can cause damage at a faster rate. Experts estimate a Formosan termite colony can cause extensive damage to a home in less than six months in a location with the ideal climate and other conditions. If a Formosan termite infestation goes unnoticed and untreated in a very warm, moist climate, a home can be subject to significant damage in approximately two years.
The cost of repairs for termite damage depends on the size, location and accessibility of the infestation, as well as a home’s construction. Some damage is so slight that homeowners choose not to repair it after controlling the infestation. In other cases, termite damage can cost thousands of dollars. In rare cases, homes are demolished because the termite damage is so extensive.
The annual cost of termite damage and control measures in the U.S. is $5 billion.
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