Fueled by a nationwide housing deficit, strong demand for homes among Mexico’s young and emerging working class, government mortgage lending programs, and a growing mortgage-backed securities market, Mexico’s low-cost housing sector continues to flourish. Mexican homebuilders Desarrolladora Homex, S.A. de C.V. (NYSE: HXM) and Corporacion Geo, S.A.B. de C.V (GEO.B:MEX) are two of the major players in the sector, which generally focuses on mass producing homes that sell for less than US$40,000. The Mexican housing industry expects the sector to grow by 15% over the next few quarters, according to a Reuters report.
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