Traders Confounded by 180% Surge in Brazil’s HomebuildersBy
PDG, Rossi said they’d restructure debt amid recession
Slumping demand for new homes may deepen industry’s woes
The breathtaking surge in Brazil’s troubled homebuilders has traders scratching their heads.
Shares of PDG Realty SA and Rossi Residencial SA — which last year announced plans to restructure debt in the midst of a recession that has throttled demand for new homes — have each jumped at least 180 percent since Jan. 1. That compares with a gain of just over 8.2 percent for the benchmark regional stock gauge…
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