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Reduces the statute of limitations for construction defect actions [<i>for units in</i>]<b> by</b> a planned community or condominium. Imposes notice requirements before homeowners or condominium association owners may bring or join a construction defect action. Requires the declarant and board of directors of a condominium association to conduct moisture inspections. <b>Creates special procedural requirements for giving notice to contractors prior to filing construction defect claims if the action is brought by a homeowners association or association of unit owners. Extends the time for a sender of a secondary notice of defect to bring an action against the recipient of the secondary notice of defect.</b>