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Legal Alert: The Arizona Homeowners' Bill of Rights - Weighing the Benefits (and Costs) of Extending Consumer Protection in the Residential Construction Context

08/14/2008
Over the past five years, contractors, developers, and homeowners have witnessed firsthand the transformation of Arizona's housing "boom" into a housing "bust." This "bust" has resulted in sharply reduced prices, large inventories of unsold and foreclosed-upon homes, and residual anger and finger-pointing directed at financial institutions and contractors, among others. Out of this maelstrom comes the Arizona Homeowners' Bill of Rights ("Bill of Rights"), an initiative from the Sheet Metal Workers union, which is scheduled to be placed before the voters of Arizona in November 2008 after garnering over 260,000 signatures from Arizona citizens.

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