Last year, nearly 30 percent of new homes in the U.S. had partial or full basements, according to the Census Bureau’s Survey of Construction.
Injury-liability law responsible for higher construction insurance cost in N.Y.
Law holds builders solely liable for construction accidents
Construction contractors and developers in New York state face $3 billion more in costs and 667 more accidents per year because of a state law that holds builders solely liable for such accidents, according to a study commissioned by the New York Civil Justice Institute. Opponents of the law say it results in higher construction insurance costs.