The construction industry may have been booming, but data now suggests that this marked boost has resulted in an accumulation of noted substandard work. According to statistics pulled from Courthouse News, the sheer number of construction defect claims in Florida has increased exponentially in the last decade. In 2008, there were only 31 construction defect complaints filed, but that number dramatically increased in 2017 to close to 1,000. These startling statistics indicate an extreme level of exposure for contractors, subcontractors and other big players in the industry.
The tight labor market may partially be to blame for these unsettling findings. In Florida, construction employment rose by 6.2 percent in 2017, making it one of the most rapidly expanding labor segments in the state. This may be good news for the average American worker: more jobs are available to those who have endured long periods of unemployment and wages are being driven higher.
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