Homebuilding Is Booming ... in Mexico
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Homex's performance suggests that things may be better for homebuilders south of the Rio Grande.
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ORLANDO -- The homebuilding industry has made great strides overall toward so-called smart homes,  but progress is measured in many small steps.
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The hard-charging homebuilding stocks are making believers of some investors.
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Rising demand for US exports has offset the domestic downturn in home-building.
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Housing construction in August jumped to its highest level in five months, a dose of encouraging news for the economy's expansion.
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Contractors get a boost from a major west African project.
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Mexican-Americans' purchasing power is growing, and Mexico's tourism board is responding.
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Across Tijuana's vast industrial parks, the export assembly plants known as maquiladoras are thriving, posting giant "help wanted" signs.
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Real estate prices depend a lot on local conditions.
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Builders responded to new demands for houses built to accommodate their owner's technolust. They built lots of homes and packed them with every new gewgaw a potential buyer might dream of. And then they built some more. Now, thanks to the housing bust, virgin homes and condos sit unoccupied in cities like Las Vegas, Phoenix, Miami, and, yes, Orlando.
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Over the last 40 years, home prices have grown at a rate far exceeding wages.
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Looking at Mexico's opportunities can mean making profits while others nap.
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CIUDAD JUAREZ, Mexico  - A discreet, soft-spoken  negotiator with a CEO's eye for corporate planning, he has  steadily risen to the top of a multi-billion dollar Mexican  business structured like a holding company.
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Housing construction in August surged to its highest level in five months, a dose of encouraging news for the economy's expansion.
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US industrial production and new home construction rose sharply last month, suggesting that the economy is overcoming high energy prices and rebounding from the summer slump.
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US real estate investors are heading south of the border, putting their money in an array of projects and properties they believe will generate attractive returns from Mexico&#39;s growing economy.
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MORELIA, Mexico -- Sergio GÃÂ³mez roared into town in a big SUV, entourage in tow, pressed suits, fancy cowboy boots.