KB Home, one of the nation?s largest home builders, reached a $23.5-million settlement with the Florida attorney general's office to resolve allegations of shoddy construction and deceptive business practices.
The office of Florida Atty. Gen. Pam Bondi alleged that the Los Angeles company failed to disclose to buyers that its homes violated building codes and weren?t built to original plans and specifications.
KB Home would then improperly deny Florida homeowners? requests for repairs under warranty, the attorney general alleged.
The company has already spent about $71 million to repair homes within the state, including nearly 1,700 that had ?water intrusion issues arising from construction defects,? according to Bondi?s office.
Under the settlement, KB must fix more homes if they are up to 10 years old and have certain defects such as cracked stucco.
In addition, KB will spend about $17 million over five years to ?improve its construction techniques, train its subcontractors and use improved materials in its new construction,? the attorney general?s office said in a news release.
