First Home Builders slashing its workforce

A national home building company with strong ties to Lee County is slashing its workforce. First Home Builders, a company that focuses on first time buyers, announced Friday that it is cutting 200 jobs. Other local builders say they aren't surprised by the decision.

"I think the market is like a wave. First Home caught the wave at a good time. Now the wave is down," said Rafael Perez, who works for MP3 Construction.

First Home Builders call the move "right sizing" and says it's designed to ease the financial pain of sagging sales.

"They saw the writing on the wall. It was going to happen down the road as the market shifted," said Fred Price, who works for Priceless Realty.

Despite the bad news, Price sees the job cuts as a chance to grow and thinks the sales slump could soon turn around.

"We've seen the downsizing already. A lot of people are sort of gearing up. They are looking at their budgets and getting ready for the next boom," he said.

A spokesperson for First Home Builders says the employees will be laid off at the end of the year.

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source: nbc-2.com