An Eastern Kentucky plant has laid off several dozen employees just before the holidays.
The declining housing market is certainly not a regional problem, rather one we're seeing nationwide. Real estate agents point to everything from high interest rates to inflated home prices as the cause of the slump. But it's not just homeowners and real estate agents that are being affected.
Several Trus Joist employees say it will be a bittersweet holiday season this year, after them and roughly 40 other hourly and salaried employees were laid off by the company effective Monday morning.
"If the housing market drops, so does the demand for building materials. That's the product we make at this facility," said Monte Simpson, Public Affairs Manager of the Weyerhaeuser Company.
Real estate agents like Millie Brown say the housing market has a wide ranging reach that can start at the top.
"I think it is the economy, the jobs, of course it is the holiday times, and usually through the winter months, there is a slump in housing sales," Brown said.
And eventually lead to housing related industries, such as home construction, and the construction of I beams in flooring like Trus Joist feeling the pinch.
Brown says there is hope on the horizon.
"It will go in cycles. It has over the last several years, but that's just a cycle we're going through right now," Brown said.
"And we're gonna do our best to work with all the state and local leaders to help assist in the transition time," Simpson said.
Several of the laid off employees say they understand the fluctuating housing market, but say they felt the company lied to them, telling employees they could guarantee their jobs through January. The Trus Joist official we spoke with said he had no knowledge of these statements.