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Homex Raising Money through Bonds to Fund Development in Places like Cabo San Lucas

Homex, which is Mexico's largest homebuilder, is planning on raising $200 Million USD through the sale of bonds to increase its market presence in Mexico.  It is looking to capitalize on the middle class and second home buyers many of which coming from the United States and Canada. 

The company is based out of Culiacan and is expecting it's growth to be as high as 18% to about 60,000 homes world-wide this year.  This is an increase from 51,400 last year.  Even though Homex is the largest builder in Mexico it only captures 7% of the total market.  As a result there is much to be gained still for this powerhouse of a company. 

Many of these developments they will be doing are in Cabo San Lucas and are aimed at the foreigners looking to have their winter home in paradise.

Posted: Tuesday, June 17, 2008 3:14 PM by Nick Fong

Comments

Formwork said:

Homex of Mexico uses aluminum concrete formwork to cast the homes it constructs in Mexico.  This method enables Homex to rapidly bring these homes to market with a huge cost savings.  To see the construction process of Homex follow this link

http://picasaweb.google.com/ConcreteForming/HomexOfMexicoHousingConstruction#

# February 19, 2009 12:28 PM
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