Friday, May 25, 2007

Central Valley homebuilder slashes jobs

More news on our "normal market" from The Central Valley Business Times:

The slow housing market is taking its toll on builders with Ennis Homes of Porterville saying it is cutting its construction and operation workforce by 25 percent.

The company says it’s the first time since it was founded 28 years ago that it has had to reduce its workforce.

The company is privately held. It did not reveal the number of employees being let go. The company reportedly employed between 100 and 125 prior to the announcement Thursday.

Ennis builds homes in the southern Central Valley, between Bakersfield and Fresno. It built about 400 homes in 2006.


Realestateslasher said...

OK, How many forclosures from this
round of lay offs in the construction shutdown will we see??

Bakersfield Bubble said...


I am hearing of other builders doing the same or getting ready to do the same.

Anonymous said...

This is been going on for a while now. I grew up knowing the Ennis family and I've been hearing of large illegal workforce layoffs for a while now. Although, I honestly don't know the full details due to a local "family fued" over land rights (long story short Ennis is trying to stop my gramps from selling land to a local school because it will hurt his harm his multi-million dollar view from his house).

Additionally, my buddy who owns the largest cabinet installing company in Tulare County says he has reduced his workforce from about 35 down to 5 due to rapidly slowing demand.

Realestateslasher said...

Illegals dont account for much so
NO Foreclosures in that Workforce,
they just go to the next State where building is going on

Bakersfield Bubble said...

"Illegals dont account for much so
NO Foreclosures in that Workforce"

Are you sure about that?

They have been buying homes like crazy all up and down the valley. In fact the NY times ran a story a few weeks ago talking about that very thing. They are losing jobs and being foreclosed on.

Bakersfield Bubble said...

Thanks for the info Anon!

Anonymous said...

Not sure if you're trying to get more viewers, but your Blog archive is in Spanish (e.g. enero for January).

Maybe that's not a bad idea here in town (a Spanish Bakersfield Bubble website). Anybody know if one exists?