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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (123893)	5/19/2008 10:06:10 AM
From: Giordano Bruno	Read Replies (1) \| Respond to of 306849

Sounds good

To: Smiling Bob who wrote (123893)	5/19/2008 10:24:21 AM
From: Jim McMannis	Respond to of 306849

Wonder where the money went? ---- Mexico's housing boom helps Home Depot miamiherald.com MEXICO CITY -- With the U.S. home improvement market hobbled by an unrelenting housing slump, Atlanta-based Home Depot is predicting a far rosier outlook in Mexico, which is in the midst of an unprecedented housing boom. The Mexican government hopes to spur construction of 16 million new houses by 2030, a goal that would nearly double the nation's current housing stock. President Felipe Calderón has argued that a robust home building effort could save the Mexican economy from the negative effects of recession north of the border. For Home Depot Mexico, the prospects are tantalizing. Since entering the Mexican market in 2001, Home Depot has enjoyed steady growth. The company started with four stores and now operates 69, with at least nine new stores set to open this year. The chain, which has annual Mexico sales of more than $1 billion, is Mexico's largest home improvement retailer. In a sign of confidence, the company announced in March the construction of a $28 million distribution center in the central Mexican state of Hidalgo that will serve at least 60 stores. ''The housing sector will continue to be strong in the future and surely [Home Depot] will benefit from that,'' said Carlos González, director of stock market analysis and strategy for IXE Bank. INTERNATIONAL PROFITS