Homebuilder Lennar Corp. has identified defective Chinese-made drywall in about 400 Florida homes, most built in the 2006 and 2007 fiscal years, according to a federal filing.
The Miami-based company says in the filing made last week with the U.S. Securities and Exchange Commission that the figure, based on accounting through May 31, represents 2.1 percent of homes it delivered in Florida during that time.
Lennar said it has not found the drywall in any of its homes outside Florida.
It has $39.8 million in warranty reserves for homes that have the defective drywall and is seeking reimbursement from subcontractors, insurers and others for investigative and repair costs related to the problem.
State and federal tests have found high levels of sulfur and organic compounds in the drywall.
Homeowners across the nation have sued builders, suppliers and manufacturers, saying the fumes are ruining their houses and making them ill.
Lennar said it is named in at least 41 Florida lawsuits and two federal class-action cases.
Lennar also said it filed suit in Miami-Dade County Circuit Court against the entire supply chain, including manufacturers of the defective product.
Shipping records reviewed by The Associated Press indicate that the drywall may have been used in more than 100,000 homes, according to some estimates, including houses rebuilt after Hurricane Katrina in 2005.
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