“Builders started 6442 homes, but how many have been finished?
One house on my street broke ground almost exactly a year ago and as of today, it has a foundation, framing, Tyvek wrap, most of a roof, a little plumbing, and a little drywall. The house and its ‘dry’wall have been open to the elements for a few months now, including during the torrential rains of a few weeks ago.
There have been only 2 workers working on it at a time, and no one has been working on it at all in the past couple weeks.
It’s not like I’m in a slow-moving undesirable area; on the contrary, I’m near the border of 77098 and 77006 where houses are going under contract within a week of landing on the MLS, and asking prices are 1.5x –- 2x what they were 5 years ago.
I’ve read that all of the construction employees have defected to work on commercial sites. Maybe that rumor is true.” [GoogleMaster, commenting on Headlines: Houston Tourism Boost; Downtown MegaBus Congestion]