One of the nation’s largest builders, Lennar Corp; has confirmed that they are aware of about 400 Lennar-built Florida homes that were built using defective Chinese drywall. Lennar says that most of the affected homes were built in 2006 and 2007 and make up about two percent of the total Florida homes delivered by the builder.
Lennar claims that they have set aside almost $40 million in warranty reserves to to pay for damages caused by the defective drywall and replace the inferior product.
As of July 10 Lennar said they were aware of 41 lawsuits filed in Florida state court as and two federal class actions filed by homeowners who have been affected by the Chinese drywall.
Lennar has moved to stop all 41 state court actions, allowing builders to make repairs to homes fitted with Chinese drywall. They have also filed a lawsuit in a Florida Circuit Court against the entire supply chain responsible for procuring and producing the defective Chinese drywall.