Homebuilder Bonds Sink As Government Spending On Housing Declines

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A woman with a baby walks past a Geo SAB apartment complex in Mexico... News PhotoAdult,Apartment,Baby,Civilian,Construction Industry,Finance,Government,Horizontal,Mexico,Mexico City,North America,Politics,The Americas,USA,Walking,WomenPhotographer Collection: Bloomberg 2013 BloombergA woman with a baby walks past a Geo SAB apartment complex in Mexico City, Mexico, on Thursday, May 16, 2013. Delays in public works spending by Mexican President Enrique Pena Nieto's administration and a shift in government policy to promote more capital-intensive apartment construction in urban areas over single-family homes in commuter towns has eroded the cash reserves of homebuilders Urbi Desarrollos Urbanos SAB and Corp. Geo SAB. Photographer: Susana Gonzalez/Bloomberg via Getty Images