Plans to develop an Orlando factory from Texas-based homebuilder Onx Homes are in question after the company confirmed it would close two South Florida factories as part of a “broader restructuring effort”.
Earlier this week, Onx announced it would be laying off 137 workers and closing factories in Pompano Beach and Homestead in response to challenges in the national housing market, according to a report in GrowthSpotter.
Onx previously had won attention in Florida because its concrete-cast homes are particularly resistant to hurricane damage.
“Over the past two years, the industry has experienced significant shifts — from rising interest and financing costs to broader supply chain pressures and a moderation in housing demand,” Onx wrote in a statement. “These external factors have