Catching the Boomerang: Understanding and Attracting Millennial Homebuyers
The number stands at a whopping 2.5 million. That is the current shortage of houses in the U.S. market. Research shows contractors must build 1.7
New Construction
Builders Should Brace for More Construction Defect Litigation
“It won’t happen to us.” The famous last words of home builders right before “it” happens: the catastrophic claim that wipes out profits, sucks up
Home Builder Boom: Pros and Cons of the 2021 Housing Market
“It’s crazy.” Jeffrey Mezger, CEO of KB Homes, used these two words to describe 2021’s booming housing market. He should know. KB Homes is one
Updating a Warranty Program Belongs at the Bottom of the To-Do List — MYTH BUSTED
In our fourth and final MYTHBUSTERS: The Home Builder Edition, PWSC addresses the variety of reasons builders put off incorporating, re-evaluating, or updating their warranty
Insurance Carriers Do Not Care About Home Builder Warranties – MYTH BUSTED
In our third MYTHBUSTERS: The Home Builder Edition, PWSC takes on a common misconception that insurance carriers don’t pay attention to whether builders include warranty
If My Homeowners Take a Claim to Litigation, Arbitration is Not an Option – MYTH BUSTED
In our second MYTHBUSTERS: The Home Builder Edition, PWSC tackles the topic of enforcing an arbitration provision, even if a homeowner takes a claim to litigation.
PWSC and Quality Built Launch Builder Protection Program
FOR IMMEDIATE RELEASE – CHANTILLY, VA – January 2021 – Professional Warranty Service Corporation (PWSC) and Quality Built announced today their joint effort to
Builder Structural Warranties as Necessary as Risk Insurance
Residential developers and general contractors must maintain insurance policies for every project. While insurance is a requirement for new home construction, builders have a wide
The Latest News on Home Builder Warranty Accruals
Warranty accrual rates in the residential construction industry have recently seen substantial growth. What is driving the increase, and what should new home builders know
What’s Drawing New Home Buyers to Southern States?
In an article for the United States Census Bureau, authors Kristin Kerns and L. Slagan Locklear report that southern states in the U.S. are seeing