My friend and law partner Matt Gardner has an excellent summary on Sullivan & Ward’s Iowa Law Blog about the crushing blow handed down to home builders this past Friday by the Iowa Supreme Court.
The ruling holds builders responsible to subsequent owners for defective conditions. The old law was caveat emptor or "buyer beware". 

franchisor says the following:
cartoon on the office bulletin board. Apparently the boss didn’t appreciate the comparison to a drunken lemur.