So where are all the half-built homes? That question, asked by a Swamplot reader last week, prompted a slew of comments from other readers eager to identify pockets and neighborhoods in and around Houston where construction has come to a halt because of problems connected to the nationwide housing-market collapse. (As well as a few where construction stopped for reasons of a more local nature.)
Swamplot reader subprimelandguy suggested looking at Northwest Houston:
You need to go to the suburban areas, particularly the non master planned communities between the Beltway and Highway 6 / 1960. The most aggressive one is actually inside the Beltway near West Road and Gessner – a former Royce Homes (go figure) development called Westwood Gardens. It is a bombed out poster child for the subprime fiasco.
Then late yesterday, subprimelandguy sent in photos!
From a couple of very recent and lonely tours, here’s a fond look at some of the unfinished business in Westwood Gardens:
Reports our photojournalist:
Boy is it a mess! For a time before the subprime mortgage meltdown, and then Royce’s subsequent meltdown, this was one of their best performing subdivisions.
What’s that in the yard?
- Half Off New Construction: Where? [Swamplot]