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Homex Development Corp

 
Hoover's Profile: Desarrolladora Homex, S.A. de C.V.
(NYSE:HXM)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
Desarrolladora Homex, S.A. de C.V.
Boulevard Alfonso Zaragoza M. 2204 Norte
80020 Culiacán, Sinaloa, Mexico
Tel. +52-667-758-5800
Toll Free +52-800-224-6639

Type: Public
On the web: http://www.homex.com.mx
Employees: 17,280
Employee growth: 14.2%

Desarrolladora Homex adores building casas for the masses. The company builds more than 50,000 affordable, entry-level and middle-income homes each year in some 30 cities and 20 states in Mexico. More homes are expected to be built on the 67 million square meters of reserve land the company owns. Homex prices range from about $16,000 for an entry level home to some $160,000 for a middle-income home. In 2008 the company began building resort and vacation homes ranging from $450,000 to $750,000. Chairman Eustaquio de Nicolás' family controls Homex.

Key numbers for fiscal year ending December, 2008:
Sales: $1,368.0M
One year growth: (7.9%)
Net income: $117.5M
Income growth: (45.7%)

Officers:
Chairman: Eustaquio T. de Nicolás Gutiérrez
CEO and Director: Gerardo de Nicolás Gutiérrez
VP Affordable-Entry and COO: Alberto Menchaca Valenzuela

Competitors:
Consorcio ARA
Corporación GEO
Empresas ICA

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