After enjoying multi-year price upsides, Mexican homebuilders
have turned lower. Mexico is not plagued with credit and subprime
mortgage problems, rather suitable land is in relative short supply
and necessary infrastructure is lacking.
The chart of Homex Development (HXM)
is down from its peak but not as much as its U.S. and Mexican counterparts.
However, the stocks of four other major Mexican homebuilders have
not been as fortunate (table).
Related Articles:
Mexican Homebuilder Homex Development
Faces Resistance
Mexican Stock
Portfolio
Spanish Real Estate and Homebuilding
Stocks Are on the Downside
United Kingdom Homebuilders Are
on the Downside
Posted January 31, 2008.
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