DALLAS — Dallas-based Builders FirstSource, the largest supplier of materials to homebuilders in the U.S., cut 2,600 jobs nationwide in response to this year’s decline in new home construction, CEO Dave Flitman told investors in a third-quarter earnings call Tuesday.
The cuts are in response to steep declines in homebuilding as higher mortgage rates and affordability challenges have slashed the pool of available buyers. Atlanta-based PulteGroup reported a 28% decline in orders in the third quarter from a year before, and Taylor Morrison reported a 39% decline in orders.
The job cuts happened mostly at the end of the second quarter and early in the third quarter, Flitman said. The company also put a moratorium on nonessential travel and reduced overtime due to sales declines in September and October.
