Homex: Where the Growth Is

S&P likes the Mexican homebuilder's steady revenue growth and conservative lending practices, and ranks the shares strong buy

While the U.S. housing market continues to suffer, homebuilding has been thriving just south of the border. The Mexican housing sector, representing 3% of that country's gross domestic product (GDP), delivered impressive growth in the past few years, in our view, pushed by the pressing need for affordable homes, economic stability, and strong government support.

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