Right on schedule, here come the homebuilder layoffs

And, as HP'ers know, there's many (unfortunately) more to come throughout the REIC - realtors, mortgage brokers, builders, title agents, Home Depot sales people and so many more tied to homebuilding, which is crashing (housing rout).

Then you have the multiplier effect - dry cleaners, restaurant workers, Lexus salesmen, etc.

Then you have these laid off people 1) trying to sell their homes, adding fuel to the housing fire, 2) not buying new homes and 3) not shopping at Nordstroms.

And that makes the cycle speed up even faster. And no, there's no way out of this, it's just a ride we have to take on the credit bubble highway. So I hope you've packed for the journey.

Homebuilders have not had to work hard to sell houses in Frederick County — until now.
A previously booming industry is laying off workers, offering cheaper upgrades and advertising heavily.

Dan Ryan Homes, which has been in business in Frederick County for 16 years, recently laid off about 20 percent of its 200 employees and, for the first time ever, is depending on advertising to attract homebuyers.

Other major homebuilders are also laying off workers, said Brian Patchen, director of the Frederick County Builders Association.

‘‘Builders had been building at full capacity and the layoffs are obviously a reflection that they are not at full capacity anymore,” he said. ‘‘They can’t afford to carry extra employees.”

‘‘We knew it was going to happen,” Kostreski said. ‘‘It has been too pretty for too long.”
The dip is part of a natural ebb and flow of the housing industry, she said.