Orange County Building Boom

SANTA ANA, Calif., August 23, 2014— reports that the Orange County building boom is anticipated to spread to other parts of the state, according to the Orange County Register.

According to the Register, homebuying has fallen by 7 percent in the six SoCal counties, but in OC it’s up by 71 percent for the last fiscal year (ending July 2014). In that same period, more than 4300 new homes were sold in Orange County—the most since 2007.

On the same note, the National Assn. of Home Builders/Wells Fargo Housing Market index has been steadily rising, hitting 55 in August—the third consecutive monthly gain, and the highest level since January.

Along with this welcome news come some concerns, including a shortage of labor needed for construction projects, a crackdown on the “shadow economy” that has seen some contractors misclassifying employees in an effort to save on workers comp premiums, and companies stretched too thin as they struggle to add new projects to an already full schedule.

“Contractors and construction companies face many challenges, from a fluctuating workforce to dangerous work conditions,” points out Nami Sadighi, president of Insurance Partners, Inc., which offers as a service to the industry.

“The best way to ensure the longevity of a company and the safety of its employees is to follow all laws and regulations to the letter, and to have adequate insurance coverage for all contingencies.” is a service of Insurance Partners, Inc., which has been providing quality protection for contractors for more than 35 years. California contractors insurance specialists work with companies on everything from California general liability and California workers compensation insurance to contractor bonds and a “pay as you sell” liability insurance program designed especially for homebuilders. If you have questions about your contractor insurance coverage, contact us.

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