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.