The story about shoddy construction during the boom isn’t just a NYC tale. As M.P. McQueen reported in the Journal this summer, the furious pace of home building from the late 1990s through the first half of this decade contributed to a surge in defects. It caused shortages of both skilled construction workers and quality materials. Many municipalities also fell behind inspecting and certifying new homes.I doubt this is just a condo problem. It's something I've worried about when I eventually buy a home. So many homes were built during the boom, I bet many of them were rushed. I also bet that the increased demand for construction workers during the boom led to a drop in the average skill of the people hired to do the work, with many of them unable to even speak English. On the whole, houses built during this decade may be of inferior quality to houses built previously.
The sheer volume of new buildings that went up during the condo construction boom is the main reason for the increase in defective buildings, lawyers and engineers told the Times.
So one would expect to see more problems in other cities that experienced a condo boom recently.
Tuesday, October 27, 2009
Discussing a recent New York Times article about shoddy condo construction during the boom, the Wall Street Journal's "Developments" blog writes: