I thought this was amusing…
From D.R. Horton: Smaller is better in some markets, May 5th:
D.R. Horton’s chief executive says smaller, more affordable homes are selling well in some areas and will bring higher profits to the nation’s largest home builder.
CEO Donald Tomnitz said the smaller homes were particularly popular in Seattle and Portland, Ore. Smaller [...]
I was out of town all weekend in SF (driving back yesterday was not particularly fun, I assure you). Here’s a roundup of some of the local and notable national real estate stories that were waiting for me in my inbox upon my return this afternoon:
First up, a blog post by P-I real estate [...]
From the P-I: Quadrant Homes lays off 45 workers
Quadrant Homes, the Puget Sound area’s largest home builder, announced Thursday that it is cutting its work force by 20 percent in response to the slowdown of new home sales in the area.
The company will lay off 45 associates from its Bellevue headquarters and field locations in [...]
According to KING 5, Quadrant homes announced some major layoffs yesterday.
The slowdown in home sales nationwide has now hit one of the largest home builders in Washington state in the form of layoffs.
Quadrant Homes is cutting up to six percent of its workforce.
In an e-mail to employees, Quadrant’s CEO announced a formal reduction in force, [...]
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