Consorcio ARA SAB Chairman German Ahumada Russek says the 2009 recession caused revenue at the Mexican homebuilder to stall. As the economy improves this year, he expects total sales will increase 10%. “There’s practically no inventory in Mexico City,” said Russek, chairman of the country’s third-largest homebuilder by market value. “People are definitely a lot more optimistic now that employment is recovering.”
Mexico housing recovery signals gain for homebuilders
Most Popular Articles
Latest Articles
Ginnie Mae denies majority of complaint in Texas Capital Bank lawsuit
Ginnie Mae admits only to core facts of the case, denying all allegations, “inferences, arguments, and legal conclusions” in the complaint.