PulteGroup Inc. is one of the largest home construction companies in the nation. In the eight-year period ending in 2016, Pulte sold more than 23,000 homes here in Florida, including a development just north of Sarasota in Palmetto and others in nearby Parrish, North Port and Lakewood Ranch Waterside.
Regular readers of our legal blog will undoubtedly recall a couple of recent posts about Paseo, a Mediterranean-style luxury condo development in Fort Myers. Stock Development LLC, the project's developer, and its sister construction company, Stock Construction, have struggled to address construction defects in condos there.
In a recent post, we detailed some of the challenges at Paseo, Fort Myers' Mediterranean-themed, gated condominium community. According to news reports, homes there have been plagued by construction defects.
In some ways, Fort Myers' shimmering, Mediterranean-themed gated condominium community known as Paseo is a huge success. After all, every single one of its homes has been sold.
Construction is booming across Florida. However, construct defect litigation has been on the rise in recent years, and it's predicted to continue that trend in 2019.
If you drive about 25 miles southwest of Orlando, you will arrive in Celebration, Florida. The small town is home to Sola at Celebration, a 306-unit luxury apartment complex that was developed in 2015. However, the entire Sola property is currently vacant, according to news sources.
Late last year, the Florida Supreme Court took up a case that will have major ramifications for the construction industry. It involves disagreement over a common practice known as "assignment of benefits."
Two Florida appellate courts are contradicting each other on a matter important to not only the state's construction industry, but the insurance industry as well. The courts have come to conflicting decisions on whether insurance companies can require policyholders to seek mortgagees' consent for assignment of benefits (AOB).
Construction has been booming in Florida during recent years. However, along with that growth often comes a decline in quality. Labor shortages and increased demand for materials can jeopardize the integrity of the work.
Construction defects can take many forms. One common type of defect involves shortcomings with the materials themselves. These problems can be costly, and when they impact numerous homes, the economic fallout is sometimes catastrophic.
It's a familiar saying that spans decades, political affiliations, religions and nationalities: "There is strength in numbers." In the context of our legal blog, the saying refers to the strength a group of condominium owners have when they band together to pursue a construction defects claim against a developer.