chinese drywall

Chinese made drywall pose serious health and structural threats according to tests by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Consumer Product Safety Commission (CPSC)l, and federal authorities are urging consumers to start gutting any homes that contain the harmful,...

A study of 51 homes released this week by the Consumer Product Safety Commission (CPSC) found a strong association between homes with Chinese drywall and levels corrosive hydrogen sulfide, which gives off a smell similar to rotten eggs. It was the largest investigation ever taken on by the...

In an SEC filing Friday, Lennar (LEN) admitted that it has identified 400 Florida homes that have problems with defective Chinese drywall and has set aside $39.8 million to fix the problem. But that's only a drop in the bucket of homes built in the U.S. between 2004 and 2008 that might be affected....

The continuing saga of homeowners facing problems with Chinese drywall continued this week with a major update by USA Today. For those that are unaware of the issue, Chinese drywall reportedly used in homes in Florida and other states, is being blamed for off-gassing that causes damage to a home's...

Chinese house-hunters are packing their bags and heading to the U.S. to shop for foreclosure deals in the beleaguered housing market. USA Today reports that a Chinese tour group of over 40 affluent home shoppers will begin a trip later this month to New York, Boston and San Francisco in search of...