Consorcio ARA To Outperform As Homebuilding Recovers
BMI View: Mexico's housing sector is headed for a recovery over the coming quarters and we believe Consorico Ara is the best placed homebuilder to benefit from a revival in the sector. Activity in the sector is likely to pick up in line with an economic recovery and a major government drive to restructure the housing market and provide financial support at the lower end of the market.
Over the coming quarters we anticipate a revival in Mexico's housing market. We note the following factors supporting our forecast:
The significant housing focus included in the MXN7.7trn National Infrastructure Plan.
Early Signs Of Recovery Mexico Construction And GDP Real Growth