Last week, we learned that housing starts for December fell to their lowest level ever. Flickr user Sadicarnot sends this picture of a house that got started but never finished. He writes:
This house is on the Indian River Lagoon in Brevard County FL. The houses on this street were going for a minimum of $1m. This house was gutted but no work went on for several months, the assumption was they were waiting for permits.
They began working just before the summer of '08 but work stopped sometime during the summer. They didn't shingle the roof, what they did do will probably just rot away.
categories: Economic Scene
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