| When it comes to the current construction | | | | These employees simply only have to work |
| recession everyone involved in home building is | | | | seven days out of ten. While this might be a hard |
| feeling the crunch. The subprime crisis that we | | | | cut in income for those in the Sacramento |
| currently find ourselves in may take quite some | | | | precast concrete business, a reduction in pay is |
| time to recover. Many experts disagree on how | | | | much better than being laid off altogether. |
| long this crisis will continue, but many agree that it | | | | When we do finally pull out of this crisis we can all |
| could take a couple of years at least. | | | | expect our world to be slightly altered. No longer |
| This construction recession is definitely hitting new | | | | will mortgages be handed out like candy to little |
| home builders hard. And when the home builders | | | | children. It will be much harder to get the credit |
| are hurting everyone down the line is hurting as | | | | required in order to buy new home or even an |
| well. There are so many different companies that | | | | older home. The effect of the subprime |
| are involved with building a home that you really | | | | mortgages is affecting everyone even though |
| don't realize it until you actually see those | | | | they probably weren't even involved with buying |
| businesses start to suffer. Everyone from the | | | | a new home anyway. This recession is touching |
| carpet supplier to the plumbers and electricians to | | | | everyone's lives; either directly or through |
| those who install the precast septic tanks all feel | | | | someone that we know. For those construction |
| the strain of this recession. Right now the biggest | | | | workers out there who don't really know how to |
| key to financial success for any business involved | | | | do anything else besides work in the construction |
| in new home building is to adjust accordingly to | | | | industry, this is an especially hard time. If those |
| the current market. If you are the supplier of the | | | | people get laid off from their current job, they |
| precast septic tanks, perhaps you won't | | | | most likely have a difficult time trying to find new |
| manufacture quite as many pieces at this point in | | | | work due to this crisis. Those employed by the |
| time to avoid the unnecessary expenditure. There | | | | Tucson precast concrete industry might be able |
| are some home builders who are working their | | | | to hold onto their jobs through work that doesn't |
| hardest to save their employees from layoffs by | | | | involve residential construction but rather deals |
| reducing everyone's rate of pay by thirty percent. | | | | with freeway barriers and other of the sort. |