Chinese Drywall

The Associated Press recently ran a piece outlining the delays that will be faced in the $5 million assistance program established in Louisiana to assist in the removal of Chinese drywall in homes. While the project was set to help homeowners repair the wrongs created by the toxic wallboard, it appears that a myriad of

Consumer Product Safety Commission chairman Inez Tenenbaum’s visit to China is completed but the direct indictment of the foreign nation’s faulty drywall was not achieved, despite progress in the way of opening dialogue and encouraging cooperation. While Tenenbaum’s visit shows promise in that a visit by an American official puts pressure on China to cooperate

A quick news piece emerging from the Associated Press today regarding a couple who had previously had their policy renewal refused because their home had Chinese drywall installed within it: Citizens Property of Florida has reversed their decision and chosen to insure the couple after all. The AP reports Florida’s public insurance company reversed course

A great editorial published yesterday by the Fort Myers News-Press describes the technical and legal battle that the idea of a drywall recall faces. While recalls of products have a slant towards Chinese-made items (reportedly “60 percent of 475 products recalled per year are Chinese”), the problem with drywall, it seems, is that it is

The lead-up to Wednesday’s summit on Chinese drywall in China has been looked forward to by many as a great chance for headway to be made on rectifying the faulty wallboard installed in people’s homes and getting these families into safe homes. While some may be optimistic, others remain doubtful any changes or productive resolutions

Also emerging from Friday was Florida Senator Bill Nelson’s call for the federal government to help provide funds necessary to remove Chinese drywall from those homes it was installed in this decade. Moving to continue the federal government’s recent movement towards helping those with the toxic wallboard installed and build momentum against the Chinese companies

News coming out of yesterday’s Wall Street Journal is extremely encouraging for those families suffering with Chinese drywall: The new chairman of the Consumer Product Safety Commission said she would ask China to help pay for the billions of dollars in damage to U.S. homes blamed on Chinese-made drywall. “I will find out if any

A quick news bit that emerged yesterday regarding the current pre-trial matters being conducted in New Orleans regarding Chinese drywall and liability is worth a read. U.S. District Court Judge Eldon Fallon denied a motion to shift the discovery for litigation involving the faulty wallboard to the international supervision of the Hague. Rebecca Mowbray of

With the market bottomed out on homes with Chinese drywall, some have chosen to invest in the faulty homes hoping to turn a profit. While most homeowners are running from these dwellings built with faulty wallboard, certain investors believe something salvageable remains and are taking the risk while buying homes at 40% (or below) their

The New York Times last week published an interesting piece outlining the Chinese drywall problem and the angles in which it stands as important. What more, the NYT article focuses on the health ailments emerging from those who live in the homes. Profiling one homeowner that fits the profile of many homeowners facing the toxic