Insurance Dispute Lawyer Blog
In promising developments for the Chinese drywall issue, Lennar Corp., which has had numerous complaints filed against it for the faulty wallboard it had been using in construction efforts, has made steps to fix the problem for its customers. Setting aside money while confirming complaints allows progress to be made. The Wall Street Journal reports
Lennar Corp. has identified about 400 homes in Florida that have confirmed problems with defective Chinese drywall and has set aside $39.8 million to repair the homes, the Miami-based home builder said in a securities filing Friday.
The figures are as of May 31, Lennar said.
Complaints about odors and corrosion blamed on defective drywall have been increasing for months. The U.S. Consumer Product Safety Commission, or CSPC, said in a letter to four U.S. Senators earlier this week that it has received more than 600 complaints relating to this drywall issue from 21 states and the District of Columbia. Most of the reports are from Florida, Louisiana and Virginia.
Lennar and some other builders have been forced to gut homes, mostly built in 2006 and 2007, to replace drywall, wiring and other fixtures.
Actions taken by Lennar are very promising and hopefully will lead to further assistance for those affected by this issue.