Quantifying the exposure of house property to extreme weather events is crucial to study their impact on economy. Here, we show that value of property exposed to Hurricane Florence in September 2018 was USD 52 billion vs. USD 10 billion that would have occurred at the beginning of the 19th century due to urban expansion that increased after 1950s and the increasing number of houses built near water, showing the importance of accounting for the distribution of new buildings in risk and exposure.