Construction

There are a few less jobs out there this week, as more big time construction companies close their doors. Although they say that the close is not permanent, they are stopping all building until the market gets up and moving again. The owners say that they would go under if they kept everyone employed waiting for the market to start back up. By letting people go on leave and closing down the shops, they are able to stay afloat a lot longer while they wait to see what happens with the market place. They did tell all of the workers that they had a job there when and if the company opened back up.

Although a lot of people thought that the real estate market was close to getting back on its feet, we are starting to see now that it could be a little bit further off. Thus, a lot of construction companies are holding off on building anymore houses for the time being. They say that there are a few companies out there that are still building, but with so few job opportunities (or so few people buying houses), there is no point to build a lot of extra houses. These other companies have opened their doors to building local shops and other buildings until the housing market gets back on its feet.