Foreclosure wave

When Southern California's residential real estate market began to slow down, it forced developer John Young to make some tough decisions. In the past year, he's laid off about 40percent of his workers at Rancho Cucamonga-based Young Homes. Daily News.

"Unfortunately, in our whole division we've had layoffs," said Young, the company's president. "They're all over the board. It's progressively gotten worse."

He said there's no telling whether more jobs will be lost, but he hopes the company can keep its current work force, which builds homes in Rialto, Fontana, Riverside, Moreno Valley and Perris.