One of the largest privately held U.S. homebuilders said Sunday it is looking at all options to meet its funding needs and has reportedly shed jobs companywide to cope with the economic slump.

The developments cast doubt on the fate of John Laing Homes, whose $1.05bn acquisition by Dubai-based Emaar Properties near the height of the housing bubble marked the Middle Eastern developer's entry into the U.S. market.

The Associated Press requested information from Emaar about John Laing's operations last week. A spokeswoman representing the Dubai developer referred questions to the Irvine, California-based subsidiary.