Not quite. "I'm afraid we're in for a storm." is usually a metaphor, or a comparison to something that it is not. In this case, a "storm" usually means something bad in a person's life.
Sally looked up from her book, frowning, as Kate entered the room. "It's over!" Kate wailed. "They're coming!"
Sally closed her book, taking a deep breath to steady herself, and stood. "Well. I'm afraid we're in for quite a storm now."
In this case, the "storm" is the people invading their house, but it could be anything, depending on context, like a heavy week of schoolwork or anger from someone you know.
It could also be an actual storm. Depends on context. :) The other two sentences are similar, but are not written in the common styling. "Facing a storm" is very similar, but sounds strange, and "Meeting a storm" implies that the storm can talk and you would like to shake hands with it.