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Notice And Opportunity To Repair Construction Defects: An Imperfect Response To The Perfect Storm, Alice M. Noble-Allgire

Alice M. Noble-Allgire

The U.S. home building industry is in a financial crisis fueled by a rise in construction defect litigation. During the past two decades, insurance carriers have pulled out of the market in many areas of the country or raised premiums precipitously, blaming increased risks from construction defect litigation. With insurance either unavailable or prohibitively costly, many builders have gone out of business, stopped building certain types of housing projects, or passed the increased costs along to consumers – all of which threatens the availability and affordability of housing. State legislatures have attempted to address the crisis by prohibiting homeowners from …