Lowe’s Cos. has agreed to distribute $6.5 million in its gift cards and pay as much as $2.2 million in plaintiffs’ attorney fees to settle a class-action suit claiming the home-improvement retailer sold defective drywall

via WSJ.com.

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Consumer Product Safety Commission (CPSC) recently issued interim remediation guidance to help homeowners struggling to rid their properties of problem drywall linked to corrosion of metal in their homes such as electrical components.

via RISMedia.

The U.S. Department of Housing and Urban Development announced that FHA-insured families experiencing problems associated with problem drywall may be eligible for assistance to help them rehabilitate their properties. In addition, HUD’s Community Development Block Grant (CDBG) Program may also be a resource to help local communities combat the problem.

via RISMedia.

To ensure fair assessments for these damaged properties, we will reduce the building value by 50% –

via Broward County Property Appraiser’s Network.

Preliminary results from a federal investigation have found elevated levels of dangerous chemicals in Chinese-made drywall. What that means to the makers of the material, and the people suffering in homes built with it, is uncertain

via AHN .

At least two home insurers in Florida have begun dropping policyholders who filed claims for property damage linked to drywall imported from China.

via WSJ.com.