A lot of tears in West Des Moines right now. Regency Homes is laying off employees as a result of the housing crisis. I'm told it's 103 employees. That's on top of the 26 the company let go in January. A letter handed out at the company warned of "deep layoffs". It didn't mention bankruptcy. It said, "our (Regency's) debt outweighs our current obligations."
No comment from Regency yet.
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