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Tag Archives: homebuilding

State showing signs of recovery

Home building in many areas of the state is gradually improving with most major cities showing an increased number of building permits in 2011 compared to 2010. “We’re seeing a little bit of market activity pick up, and are actually forecasting a slight increase this year,” said Marty Milstead, executive vice president, Home Builders Association of Mississippi. “Slight is the ...

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Judge approves Chinese drywall settlement

NEW ORLEANS — A Chinese drywall manufacturer would pay hundreds of millions of dollars to resolve court claims by thousands of Gulf Coast property owners who say the product wrecked their homes, under a deal that won preliminary approval yesterday from a federal judge. In his order, U.S. District Judge Eldon Fallon said he believes the proposed class-action settlement is ...

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Settlement reached in tainted Chinese drywall case

NEW ORLEANS — A settlement outlined yesterday between a major manufacturer of Chinese-made drywall and homebuilders who used the tainted product in Florida, Texas, Louisiana and Mississippi could affect anywhere from 800 to 1,500 homes, attorneys said. Lawyers called it a significant step toward resolving problems with some 10,000 buildings blamed on the drywall. Plaintiffs’ lawyer Bruce Steckler said the ...

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City to offer incentives for new home construction

PASCAGOULA — The City of Pascagoula will waive up to $5,000 in permit and utility connection fees for some new home construction. The Mississippi Press reports city council members hope to spur homebuilding. “I’m excited about the ordinance (that waives the fees),” City Manager Joe Huffman said. “I think it’s a real opportunity to make a difference and create investment ...

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Home applications have soared

Most analysts hope that offsets dip in the recent construction of new homes Construction of new homes dipped unexpectedly in the last month of 2010, based on recent data released by the U.S. Department of Commerce. However, one bright spot in the housing market sector is applications for future projects soared in a sign the industry is ramping up after ...

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