NBN Online for the week of May 8, 2006

(Plain Text Version) for full graphical version, click here.

In This Issue:

Front Page
Financial Realities to Hit Retirement-Age Baby Boomers
Quality of Life Found to Rise With Residential Growth
The Race Is On for National Membership Day
Nation's Building News Will Not Be Published May 15
Coast to Coast
Nine Months After Hurricanes, Construction Costs Still Up
Politics & Government
Oklahoma 29th State to Enact Opportunity to Repair Law
Economics & Finance
Miami Could Be the First Hot Market to Land With a Thump
Immigrants Help to Fill U.S. Construction Labor Shortages
Hovnanian Lowers 2006 Expectations as Market Cools
Eye on the Economy: Fed Chair Hints at Another Rate Hike
Tips
Builder's Tip: Shop Vac Works for Hard-to-Fill Glue Ups
Legal
Employment Records Subject to Immigration Law Audits
Business Management
Vendor Summits Build Winning Team, Increase Profits
50Plus Housing
Awareness of Active Adult Housing Rising Sharply
Multifamily
Cooling Housing Market Could Deliver a Glut of Condos
Remodelers
May Is ‘Remodeling Month’ and NAHB Has Resources for You
Commercial
Small Tilt-Up Projects Can Be Profitable and Efficient
Education
Want to Know More About Designations? Ask an Expert
Education Calendar
Building Quality
Sponsorships Available as 28th Builder Earns NHQ Certification
Research
Builders Can Help Guide New Product Development
Labor
Job Corps Students Step Up for National Youth Service Day
Building Products
America’s Ugliest Doors Win High-Performance Makeovers
Builder's Engineer
'Builder's Engineer' Column on a Hiatus
TV
NAHB-Produced Programs on HGTV & DIY This Week
Endowment
Enter Awards Programs for Community Contributions
Association News
GM $500 Exclusive Offer for NAHB Members
Find Employees Through New NAHB Online Career Center
Calendar of Events
NAHB Career Center

Oklahoma 29th State to Enact Opportunity to Repair Law

Oklahoma became the 29th state in the country to adopt notice and opportunity to repair (NOR) legislation when state governor Brad Henry (D) signed Senate Bill 1749 into law on April 27.

The new measure allows a residential construction contract to include NOR provisions that require a home owner to notify a builder of an alleged construction defect before filing a lawsuit. The builder then has 30 days to respond by either offering to repair the defect or provide compensation.

“We worked very hard and overcame many obstacles to enact the NOR bill,” said Rex Alexander, president of the Oklahoma State Home Builders Association. “We believe this equitable alternative to costly litigation will benefit both home buyers and home builders."

Joining Wisconsin, Oklahoma is the second state that has adopted NOR legislation so far this year. Recent legislation in Virginia strengthens the state’s NOR law by including condominiums in the opportunity to repair process. Other states are still considering legislation this session.

“The trend of states adopting NOR legislation continues as Oklahoma has chosen to enact this reasonable alternative to contentious litigation,” said NAHB President David Pressly.  “This legislation, which had bipartisan support, ensures that home buyers can have construction defects remedied without having to incur expensive legal fees and court costs. I applaud the efforts of our builders throughout Oklahoma who worked so diligently to see this legislation enacted. ”

For more information on the Oklahoma legislation, e-mail Mike Means, executive vice president of the Oklahoma State HBA, or call him at  405-843-5579.

For more information on NOR laws across the country, e-mail Gerry Keegan at NAHB,  or call him at 800-368-5242 x8326.


 

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