This period of time was tough for all those involved in the building industry. The banking crisis was in full mode resulting in the Great Recession. The housing bubble burst, leaving many land developers in bankruptcy and those in the construction industry at a standstill. It was during this time that the largest homebuilder in Iowa, Regency Builders, closed its doors. Barnum Floors was forced to lay off a large majority of their workforce as they searched for a way to set themselves apart. It was during this time Barnum Floors began to research hand-scraping hardwood in their shop.