Mortgage meltdown ripples

Add comment November 8th, 2007

Home construction has taken a beating because of the real estate slowdown. With fewer people buying, there isn’t reason to build new.

Estwing Manufacturing Co. of Rockford is the latest company to get caught in the economic ripples. The company is cutting 37 jobs because of the slowdown. Estwing makes things like hammers, axes, chisels and pry bars.