Construction boom leads to defect claims for homebuilders

According to a recent Bloomberg report, the United States construction boom from 2000 through 2005 is causing in a rise in the number of construction defect claims for U.S. homebuilders now.

During the early 2000’s, many builders had rushed to meet the demand for new construction which resulted in an increase of defects per unit compared to previous years. This is causing issues for contractors in the Housing vertical market.

Homeowners from many of those projects are now forcing litigation on homebuilders and product manufacturers because of latent defects such as cracked foundations, allegedly hazardous drywall, and various other construction flaws. Some apartment and condominium projects have even resorted to demolition in lieu of costly repairs for the faults.

Multivista Construction Documentation provides our clients a living record of their project that allows for better project management, quicker communication and efficient collaboration to expedite solutions, which greatly reduces the chance of non-conforming conditions surviving through to completion.