Good Morning American - Bubble Trouble - NAHB says up to 400,000 homeowners are not happy |
Sunday, 13 April 2008 |
New Home Woes: Shoddy Construction - Elizabeth Leamy reporting
Complaints about home builders increased more than 50 percent in five years Two million brand new homes built a year and 90% of buyers say they are happy; but if you do the math that means that 200,000 new homeowners are not happy. Jerry Howard with the National Association of Home Builders (NAHB) said and few as 80% of homeowners are happy. Doing the math that would mean that as many as 400,000 new homeowners are not happy. Consumer complaints about builders have gone up by 50% according to the Better Business Bureau. Structurally unsound, leaking water, undersized, are examples on problems... Cross out Mandatory Binding Arbitration Clauses in the contract they deny you the right to sue your builder in a court of law.
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