“I suspect that we are coming to the end of the housing downturn, as applications for new mortgages, the most important series, have flattened out. I think that the worse of this may well be over.” - Alan Greenspan, October 1, 2006

Thursday, December 4, 2008

Half-Built Housing Litters Florida Landscape

The number of houses in Lee County, Florida with expired construction permits has increased more than fivefold in the past three years - leaving a landscape dotted with partly completed dwellings that can be magnets for vandalism and blight. In 2006, just as the home-building boom was cresting, 46 single-family-home permits expired. In 2007 that rose to 188 and there have been 259 already in 2008, according to county Department of Community Development statistics.

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