Home Builders making cuts to group
The National Association of Home Builders
announced Tuesday that it is cutting staff and operations, a move it said would
save $11.5 million next year.
The National Association of Home Builders announced Tuesday that it is cutting staff and operations, a move it said would save $11.5 million.
Jerry Howard, association president and CEO, said the cuts were necessary to ensure that it “remains the premier advocacy and service trade association for the residential construction industry.”
"In my 20 years at NAHB, including the past eight years as president and CEO, this is by far my toughest and most difficult decision,” Howard said. “The staff cutbacks touch on the careers of dedicated professionals who have been committed to the mission of our industry. They are good, talented and hard-working people. Nevertheless, the stark financial realities confronting our association and industry cannot be ignored.
“Projected income from NAHB's two principal sources -- membership and trade shows -- will be down significantly in 2009,” he added. “To balance NAHB's operating budget, we will be eliminating 52 positions of which half are currently vacant. The layoffs will take effect immediately. In addition, we will also be sharply reducing expenditures previously approved for 2009.
"By taking this action now, we help position the association to maintain its advocacy leadership and vital services for an industry struggling in the toughest economic environment seen in generations,” Howard said.
The NAHB is scheduled to hold the International Builders’ Show Jan. 20-23 in Las Vegas.
The National Association of Home Builders announced Tuesday that it is cutting staff and operations, a move it said would save $11.5 million.
Jerry Howard, association president and CEO, said the cuts were necessary to ensure that it “remains the premier advocacy and service trade association for the residential construction industry.”
"In my 20 years at NAHB, including the past eight years as president and CEO, this is by far my toughest and most difficult decision,” Howard said. “The staff cutbacks touch on the careers of dedicated professionals who have been committed to the mission of our industry. They are good, talented and hard-working people. Nevertheless, the stark financial realities confronting our association and industry cannot be ignored.
“Projected income from NAHB's two principal sources -- membership and trade shows -- will be down significantly in 2009,” he added. “To balance NAHB's operating budget, we will be eliminating 52 positions of which half are currently vacant. The layoffs will take effect immediately. In addition, we will also be sharply reducing expenditures previously approved for 2009.
"By taking this action now, we help position the association to maintain its advocacy leadership and vital services for an industry struggling in the toughest economic environment seen in generations,” Howard said.
The NAHB is scheduled to hold the International Builders’ Show Jan. 20-23 in Las Vegas.
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