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Builders Reassess Attached Housing

Posted by: Abhijeet Chavan
Thanks to: Abhijeet Chavan
30 January 2001 - 9:00am

Builders are scared of constructing condominiums because of the threat of lawsuits but looking at ways to live with the risk as demand for less-expensive homes increases.

With home prices soaring, demand for condominiums, which are smaller and less expensive than houses, is red hot. But homebuilders aren't erecting half as many as they did a decade ago. Why? The threat of lawsuits, homebuilders say...Increasingly, though, builders are looking for ways to live with the risk...One defense is to film the construction process, in order to prove it was done properly... builders also worry about resistance to high-density projects."

Full Story: Builders reassess attached housing
Source: Orange County Register, January 29, 2001
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