The U.S. Consumer Product Safety Commission has so far been unable to persuade Chinese makers of defective drywall to compensate U.S. homeowners, Insurance Journal reported.
Commission Chairwoman Inez Tenenbaum this week met with officials at China’s Administration of Quality Supervision, Inspection and Quarantine. She said she planned to readdress the drywall compensation issue at this meeting.
The drywall in question was imported to the U.S. after Hurricane Katrina as part of the effort to rebuild damaged homes. Approximately 4,000 homeowners have since filed complaints about the product, saying that it emits a strong odor and causes appliances to fail. According Tenenbaum, tests of some Chinese drywall showed that it released higher concentrations of hydrogen sulfide than U.S.-made products.
Related Stories
Peppermill Finish
NAHB Announces Action Plan for Housing Affordability
Six of the proposed 10 action items are important to residential remodelers
Re-Bath Expands its Reach with New Franchise
The company signs a deal with brothers who are first-time franchisees
NARI Renames Awards Program
The awards program has a new name, but continues its tradition of recognizing the best in residential remodeling
Registration Open for Women in Residential+Commercial Construction Conference 2024
Join 300+ women in construction for three days of impactful idea-sharing and networking in Phoenix
Power Home Remodeling Expands Financing Offshoot with $400M from Goldman Sachs
Industry-leading home improvement company Power plans to grow its fintech offshoot fivefold with new investment
Great Day Improvements Acquires LeafGuard and Englert
Leading home improvement company Great Day Improvements purchases two major brands from private equity firm Audax
Metros with the Highest and Lowest Remodel ROI
First-time homebuyers can find fixer-upper listings priced between 5 to 10% lower than move-in ready homes. The high return on investment of these projects shows that remodeling remains a strong option to navigate the current housing market
Latest Private Equity Activity Signals Continued Strength in Home Improvement
A hot month for private equity means the industry remains opportunity-rich
Pro Remodeler Wins Two Prestigious Jesse H. Neal Awards
The editorial team was honored with one of B2B journalism's most prestigious awards in the categories of Best Subject-Related Package and Best Range of Work by a Single Author