Analysis: Mexico's smaller homebuilders set to gai
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Posted On: 04/13/2013 8:27:57 AM
Analysis: Mexico's smaller homebuilders set to gain as top three struggle
By Elinor Comlay MEXICO CITY (Reuters) - Mexico's top three homebuilders, facing heavy debt burdens and holding land where Mexicans no longer want to live, will sell fewer homes this year, leaving a market wide open for smaller rivals or even private equity funds to snap up business. Latin America's second-largest economy has a young population, high employment and a housing deficit of about 9 million houses but the biggest homebuilders misplayed that opportunity and overspent on land they are now struggling to sell. ...
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