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COPYRIGHT 2006 Las Vegas Review-Journal
Byline: Hubble Smith
May 31--A slowdown in the housing market is rippling through Las Vegas, with layoffs by home builders, mortgage and title companies and other real estate-related occupations. But some observers suggest the slowdown's scope and depth may not be not as far-reaching as national economists have predicted.
Southern Nevada Home Builders Association spokeswoman Monica Caruso said several home builders in the marketplace, probably less than half a dozen, have had to adjust their staffs.
"Some of the sales numbers are down, traffic is down and so they do not need to be staffed at the level that they were for the boom cycle that we are apparently coming off of," she said Tuesday.
Don DelGiorno, president of KB Home's Nevada division, said the company has reduced its local staff by about 10 percent, though it would be difficult to nail down an exact number.
"We're just adjusting to the market position," he said. "This is still a strong market. We've got strong growth and a great job market. It's just going to...
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