Sadly, People trust the contractors and believe if it is new, that nothing will be wrong and therefore an inspection is not needed. I have not done as many new construction or phase inspections recently since the economic slow down, but a few years ago in the "hay day" they were building so fast that it was hard to inspect them all and deficiencies abound. Sometimes the "cheap" hired help has no experience, and ends up costing the contractor more in the long run.
A lot of the issues are hidden and covered up during construction ,so the owner will not know of defects in workmanship until later down the road, when something wears out or breaks prematurely behind a wall or under a floor or in the attic.
"The local building inspector approved it." The local building inspector looks at the broad scope of the project and does not look for workmanship defects or many details of the job. They have a narrow list of minimum requirements to check off and thats it. For example, Every existing home I inspect has been approved by the local building inspector at some point. I have not inspected a house with out defects. Some are bigger than others and it is up to you and your inspector to determine the significance of each.
Bottom line, hire an inspector to check the work of your contractor and save headaches down the road.

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