Posted by: Brandon Weber | November 10, 2007

More homebuilders take a hiatus

From the Sacramento Bee:

When times get tough, the tough … take a sabbatical. That’s the philosophy of developer Martin Tuttle, who is temporarily leaving his VP post with Sacramento builder New Faze Development.

Tuttle says his wife’s job offer came at the right time – just as the tough housing market forced New Faze to reduce its staff by about one-third, through layoffs and attrition.

“I don’t really think we have much choice,” he [New Faze boss Allen Warren] says of the firm’s decision to downsize and wait out the current downturn…And what if there’s no quick turnaround? “Maybe when Marty comes back, I’ll take a sabbatical,” Warren says.


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