Mexico Housing ‘Stable,’ Moody’s Says; Builders Rise

Desarrolladora Homex SAB, Mexico’s largest homebuilder, rose 3.4 percent to 79.27 pesos. Corporacion Geo, the second- biggest builder, added 2.2 percent to 31.08 pesos. The Habita index has surged 50 percent this year, compared with a 25 percent gain on the benchmark Bolsa index.

Home prices in Mexico remain stable because firms are building to the specifications set by government-backed mortgage lender Infonavit and the federal employee housing fund Fovissste

@ Bandaras News Puerto Vallarta, MX | Posted: 09/04/09 at 0652 EDST