SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

Report on Form 6-K dated For the month of ~~July~~October 2016

Homex Development Corp.

(Translation of Registrant’s Name Into English)

Boulevard Alfonso Zaragoza Maytorena 2204.

Bonanza 80020. Culiacán, Sinaloa, México.

(Address of principal executive offices)

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F x Form 40-F o

(Indicate by check whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)

Yes o No o

(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b);82- )

Enclosure: ~~July~~October, 2016

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

	Homex Development Corp.
Date: July 26, 2016
Date: October 26, 2016
	By:	~~Roberto~~Alberto ~~Vez~~Islas
	Name:	~~Roberto~~Alberto ~~Vez~~Islas
	Title:	~~General~~Chief ~~Counsel~~Financial Officer

INVESTOR RELATIONS CONTACT

Vania Fueyo Zarain

Investor Relations

vfueyo@homex.com.mx

HOMEX REPORTS ~~SECOND~~THIRD QUARTER 2016 EARNINGS

Culiacán, Sinaloa, ~~July~~October 26, 2016,- Desarrolladora Homex, S.A.B. de C.V. (“Homex” or the “Company”) (BMV: HOMEX), a company engaged in the development, construction and sale of affordable housing and middle-income housing in México, reported today its financial results for the period ended ~~June~~September 30, 2016(1).

During the first ~~six~~nine-months of 2016, the Company has been focused on the reactivation of its operations, as well as on the optimization of its production processes and internal control to create the ~~needed~~necessary efficiencies that will allow the Company to consolidate its operations and create value for its stakeholders in the medium term.

Highlights

· During the ~~Second~~Third Quarter of 2016, the Company titled ~~500~~435 units, ~~an increase~~ of ~~107%~~an ~~when~~average ~~compared~~price ~~to 241 units during the First Quarter~~ of ~~2016~~Ps.583 Inthousand, ~~the~~totaling ~~same~~Ps.253.6 ~~period~~million, ~~the~~an ~~Company~~increase ~~registered~~of ~~a 466 basis points gross margin improvement from 19~~396% ~~during~~when ~~the~~compared ~~First Quarter of 2016~~ to ~~24% during~~ the ~~Second~~Third Quarter of ~~2016~~2015.

· During October 2016, the ~~quarter~~Company signed an agreement with Sólida Administradora de Portafolios, S.A. de C.V., Sofom, E.R. (Sólida), and with Grupo Financiero Banorte, S.A.B de C.V. (Banorte) through which the Company ~~successfully~~will ~~negotiated~~obtain ~~credit~~the ~~contracts~~required financing and ~~revolving~~or ~~credit~~cash ~~lines~~flow ~~which~~to ~~maturity~~develop ~~had~~12 ~~expired,~~different ~~extending~~housing projects across the ~~maturities~~country comprising approximately 7,000 units, which are additional to 2the actual portfolio that the Company is operating. Homex expects to 3develop these units during the following 4 years, ~~which~~starting ~~increases~~in the ~~Company’s~~following ~~liquidity~~months.

~~Main~~· The ~~Results~~new Board of Directors, new group of shareholders, as well as the management team post the re-structure of the Company, has initiated a process for the establishment of more efficient mechanisms of internal control, financial information, administration and risk control.

Total Revenues: For the three months ended June 30, 2016, the Company recorded revenues of Ps.287 million from the sale of 500 homes, of which 67.8% corresponded to affordable housing with an average price per home of Ps.369 thousand and 32.2% corresponded to middle income housing with an average price per home of Ps.996 thousand. In addition, Homex recorded other revenues of Ps.1.3 million.

For the six-months accumulated period as of June 30, 2016, the Company registered revenues for Ps.435 million mainly as a result of titling 741 units.

Gross Profit: For the three months ended June 30, 2016, the Company recorded a gross profit of Ps.68 million and a 24% gross margin. For the six-months accumulated period as of June 30, 2016, the Company registered a gross profit of Ps.96 million and a 22% gross margin.

(1) Unless otherwise noted, all monetary figures are presented in thousands of Mexican pesos and in accordance with International Financial Reporting Standards (IFRS).

~~(Loss)~~Main Operating Income: During the Second Quarter of 2016, the Company had an operating income of Ps.880 million. This is primarily because; the Company registered other revenues for Ps.996 million as a result of debt forgiveness from the outstanding principal balance of a credit contract with a Company’s creditor. Without considering this revenue (as it does not represent a cash inflow), the Company had an Operating loss of Ps.116 million during the Second Quarter of 2016.Results

~~During~~Total ~~the~~Revenues: ~~quarter,~~During the ~~Company~~Third ~~incurred~~Quarter inof ~~operating~~2016, ~~and~~the ~~maintenance~~Company ~~expenses~~registered ofrevenues for Ps.32254 million, atderived ~~housing~~from ~~developments where~~ the ~~definitive~~sale ~~infrastructure~~of ~~has~~435 ~~not~~homes, ~~been~~of ~~completed~~which ~~and~~65.3% ~~therefore~~corresponded ~~Homex~~to ~~covers~~affordable ~~the~~housing ~~expenses~~with toan ~~provide~~average ~~services~~price ~~such~~per ashome ~~water,~~of ~~electricity,~~Ps.368 ~~sewage~~thousand and ~~general~~34.7% ~~maintenance,~~corresponded to ~~those~~middle ~~projects.~~income ~~The~~housing ~~Company~~with ~~has~~an ~~started~~average ~~the~~price ~~pending~~per ~~infrastructure~~home ~~works~~of ~~primarily using the INFONAVIT credit line for up to~~ Ps.~~350~~986 ~~million to complete the pending infrastructure; as a result, the operation and maintenance expenses will not be recurrent and will gradually decrease~~thousand.

For the ~~six~~nine-months accumulated period ~~ended~~ as of ~~June~~September 30, 2016, the Company registered anrevenues ~~operating~~for ~~income of~~ Ps.~~672~~689 million ~~principally~~mainly as a result of ~~the~~titling ~~debt forgiveness from the outstanding principal balance of a credit contract with a Company’s creditor~~1,176 ~~as previously explained~~units. ~~For the six-months accumulated as of June 30, 2016, the expenses for infrastructure pending works, previously described, were Ps.60 million.~~

~~Net~~Gross ~~Comprehensive Financing Cost~~Profit: For the ~~Second~~three ~~Quarter~~months ofended September 30, 2016, the ~~net~~Company ~~comprehensive~~recorded ~~financing~~a ~~cost~~gross ~~was~~profit of Ps.~~117~~51 million, ~~derived~~and ~~principally~~a ~~from~~20% ~~the~~gross ~~accrued~~margin. ~~interest~~For ~~during~~ the ~~period~~nine-months ofaccumulated ~~Ps.119~~period ~~million.~~as Inof ~~addition~~September 30, 2016, the Company registered ana ~~interest~~gross ~~income~~profit of Ps.~~2.4~~147 million and ~~Ps.17 thousand related to~~ a ~~foreign~~21% ~~exchange~~gross ~~gain~~margin.

(Loss) ~~Net~~Operating Income ~~Consolidated~~: ~~For~~During the ~~three~~Third ~~months~~Quarter ~~ended~~of ~~June 30,~~ 2016, the Company ~~had~~generated aan ~~consolidated~~operating ~~net~~ loss of Ps.~~590~~457 million. ~~mainly~~This asresult awas ~~result~~primarily driven by the low level of operations of the Company, as well as the recording of other ~~revenues~~expenses offor Ps.~~996~~337 million ~~from~~in relation to accounting provisions that do not represent a cash outflow. As well, during the ~~aforementioned~~third ~~debt~~quarter, ~~forgiveness~~the onCompany incurred in operating and maintenance expenses for Ps.35 million at housing developments where the ~~outstanding~~definitive ~~principal~~infrastructure ~~balance~~has ofnot abeen ~~credit~~completed ~~contract~~and, ~~with~~therefore, aHomex ~~Company’s~~covers ~~creditor~~the expenses to provide services, such as water, electricity, sewage and general maintenance, to those projects.

~~For~~The ~~the~~Company ~~six-months~~will ~~accumulated~~complete ~~period~~the ~~ended~~pending asinfrastructure ofworks ~~June 30,~~primarily ~~2016~~using the ~~Company~~INFONAVIT ~~registered~~credit aline ~~consolidated~~for ~~Net~~up ~~Income~~to of Ps.~~258~~350 million to complete the pending infrastructure; as a result, the operation and maintenance expenses will not be recurrent and will gradually decrease.

For the nine-months accumulated period ended as of September 30, 2016, the Company registered an operating income of Ps.215 million principally as a result of the debt forgiveness from the outstanding principal balance of a credit contract with a Company’s creditor registered during the Second Quarter of 2016. For the nine-months accumulated as of September 30, 2016, the expenses for infrastructure pending works, previously described, were Ps.95 million.

Net Comprehensive Financing Cost: For the Third Quarter of 2016, the net comprehensive financing cost was Ps.168 million, derived principally from the accrued interest during the period in the amount of Ps.166 million.

For the nine-months accumulated period as of September 30, 2016 the Company’s Integral Cost of Financing was Ps.407 million.

(Loss) Net Income Consolidated: During the Third Quarter of 2016, the Company generated a consolidated net loss of Ps.613 million.

For the nine-months accumulated period ended as of September 30, 2016 the Company registered a consolidated Net loss of Ps.355 million.

Indebtedness and Capital Structure

Total bank indebtedness as of ~~June~~September 30, 2016 was Ps.5,~~471~~516 million. This debt level reflects the effects of the Restructuring Plan, revolving credit lines with financial institutions used during the period as well as non-capitalized secured debt.

Homex indebtedness is related to housing developments as well as the non-capitalized secured debt under the Restructuring Plan of the Company. The average maturity profile of Homex debt is approximately 2 years, with a weighted average cost of 89.86%. Long-term debt represents approximately 4144% of the total. Also, 100% of the indebtedness is denominated in Mexican pesos.

During ~~the~~2016 ~~quarter~~ the Company has negotiated certain credit contracts and revolving credit lines which maturity date was expired, extending its maturities to 2 and 3 years. The Company will continue negotiating with financial institutions regarding the renewal of credit contracts and revolving credit lines that today are registered as short-term debt. As well, the Company is working to reduce its guaranteed debt through the payment in kind of certain non-strategic assets. As a result, the Company expects that the majority of its short-term debt will be classified as long-term debt during ~~2016~~2017 and that its financial liabilities to be reduced without existing cash outflow for the Company.

2Investigation Securities and Exchange Commission (SEC): The investigation by the Securities and Exchange Commission, which the Company previously disclosed, is continuing. The Company is cooperating fully with the investigation. At the present time, it is not possible to determine when the investigation may be concluded.

About Homex

Desarrolladora Homex, S.A.B. de C.V. is a vertically integrated home-development company focused on affordable entry-level and middle-income housing in Mexico.

Desarrolladora Homex, S.A.B. de C.V. quarterly reports and all other written materials may from time to time contain statements about expected future events and financial results that are forward-looking and subject to risks and uncertainties. Forward-looking statements involve inherent risks and uncertainties. We caution investors that a number of important factors can cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include economic and political conditions and government policies in Mexico or elsewhere, including changes in housing and mortgage policies, inflation rates, exchange rates, regulatory developments, customer demand and competition. For those statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

DESARROLLADORA HOMEX S.A.B DE C.V. CONSOLIDATED INCOME STATEMENT

COMPARISON OF THREE MONTHS 2016 WITH THREE MONTHS 2015

(Figures in thousands of pesos)	2Q16			%		2Q15			%		% Chg
REVENUES
Housing revenues	$	285,647		100	%	$	66,309		77	%	331	%
Affordable-entry level revenue	$	125,216		44	%	$	5,536		6	%	2162	%
Middle income revenue	$	160,431		56	%	$	60,773		71	%	164	%
Other revenues	$	1,320		0	%	$	19,522		23	%	-93	%
TOTAL REVENUES	$	286,967		100	%	$	85,831		100	%	234	%
COST OF SALES	$	219,066		76	%	$	46,054		54	%	376	%
GROSS (LOSS) PROFIT	$	67,901		24	%	$	39,777		46	%	71	%
Selling and Administrative Expenses
Marketing and sales expenses	$	28,318		10	%	$	2,981		3	%	850	%
Administrative expenses	$	123,823		43	%	$	120,444		140	%	3	%
Projects maintenance	$	32,148		11	%	$	10,000		12	%	221	%
TOTAL SELLING AND ADMINISTRATIVE EXPENSES	$	184,289		64	%	$	133,425		155	%	38	%
OTHER OPERATING (INCOME) EXPENSES, NET	$	(996,415	)	-347	%	$	13,611		16	%	-7421	%
OPERATING INCOME (LOSS)	$	880,027		307	%	$	(107,259	)	-125	%	-920	%
Net Comprehensive Financing Cost
Interest expense and commissions	$	119,296		42	%	$	211,038		246	%	-43	%
Interest (income) expense	$	(2,404	)	-1	%	—			0	%	N/A
Exchange (gain) loss, net	$	(17	)			$	134				-113	%
TOTAL NET COMPREHENSIVE FINANCING COST	$	116,875		41	%	$	211,172		246	%	-45	%
(LOSS) INCOME BEFORE TAXES ON EARNINGS	$	763,152		266	%	$	(318,431	)	-371	%	-340	%
TAXES ON EARNINGS	$	172,974		60	%	$	(174,133	)	-203	%	-199	%
CONSOLIDATED NET INCOME (LOSS)	$	590,178		206	%	$	(144,298	)	-168	%	-509	%
Net Income (loss) of controlling interest	$	585,202		204	%	$	(145,427	)	-169	%	-502	%
Net (loss) non-controlling interest	$	4,976		2	%	$	1,129		1	%	341	%

DESARROLLADORA HOMEX S.A.B. DE C.V. CONSOLIDATED INCOME STATEMENT

COMPARISON OF SIX MONTHS 2016 WITH SIX MONTHS 2015

(Figures in thousands of pesos)	jun-16					jun-15					% Chg
REVENUES
Housing revenues	$	431,669		99.3	%	$	114,167		68.3	%	278.1	%
Affordable-entry level revenue	$	186,402		42.9	%	$	5,536		3.3	%	3267.1	%
Middle income revenue	$	245,267		56.4	%	$	108,631		64.9	%	125.8	%
Other revenues	$	2,936		0.7	%	$	21,484		12.8	%	-86.3	%
TOTAL REVENUES	$	434,605		100.0	%	$	167,274		100.0	%	159.8	%
COST OF SALES	$	338,601		77.9	%	$	115,866		69.3	%	192.2	%
GROSS (LOSS) PROFIT	$	96,004		22.1	%	$	51,408		30.7	%	86.7	%
Selling and Administrative expenses				0.0	%				0.0	%	N/A
Marketing and sales expenses	$	44,054		10.1	%	$	5,061		3.0	%	770.5	%
Administrative expenses	$	201,006		46.3	%	$	195,962		117.2	%	2.6	%
Projects maintenance	$	60,037		13.8	%	$	23,500		14.0	%	155.5	%
TOTAL SELLING AND ADMINISTRATIVE EXPENSES	$	305,097		70.2	%	$	224,523		51.7	%	35.9	%
OTHER OPERATING (INCOME) EXPENSES, NET	$	(881,002	)	202.7	%	$	19,837		4.6	%	0.0	%
OPERATING INCOME (LOSS)	$	671,909		154.6	%	$	(192,952	)	-115.4	%	-448.2	%
Net Comprehensive Financing Cost
Interest expense and commissions	$	244,861		56.3	%	$	323,051		193.1	%	-24.2	%
Interest (income) expense	$	(2,641	)	-0.6	%	—			0.0	%	N/A
Exchange (gain) loss, net	$	(2,987	)	-0.7	%	$	743		0.4	%	-502.0	%
TOTAL NET COMPREHENSIVE FINANCING COST	$	239,233		55.0	%	$	323,794		193.6	%	-26.1	%
(LOSS) INCOME BEFORE TAXES ON EARNINGS	$	432,676		99.6	%	$	(516,746	)	-308.9	%	-183.7	%
TAXES ON EARNINGS	$	175,039		40.3	%	$	(154,520	)	-92.4	%	-213.3	%
CONSOLIDATED NET INCOME (LOSS)	$	257,637		59.3	%	$	(362,226	)	-216.5	%	-171.1	%
Net Income (loss) of controlling interest	$	252,216		58.0	%	$	(360,979	)	-215.8	%	-169.9	%
Net (loss) non-controlling interest	$	5,421		1.2	%	$	(1,247	)	-0.7	%	-534.7	%

DESARROLLADORA HOMEX ~~S.A.B. DE C.V.~~ CONSOLIDATED BALANCE SHEET

~~COMPARISON~~AS OF ~~JUNE~~SEPTEMBER 30, 2016 ~~WITH~~AND DECEMBER 31, 2015

(Figures in thousands of pesos)	~~Jun~~Sep-16			~~Dic~~Dec-15			% ~~Chg~~Change
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	46,502		$	41,562		12	%
Cash equivalents	$	73,308		$	41,562		76	%
Accounts receivable, net	$	120,457		$	56,080		115	%
Accounts receivable	$	100,671		$	56,080		80	%
Land and construction in progress	$	1,~~999~~988,~~655~~794		$	1,886,701		65	%
Payments in advance	$	6990,~~662~~660		$	57,387		2158	%
Other current assets	$	1750,~~139,331~~535		$	1,517,755		-2551	%
Total current assets	$	3,~~375~~003,~~607~~968		$	3,559,485		-516	%
Land for future developments	$	4,~~099~~082,~~677~~256		$	4,257,380		-4	%
Property, machinery and equipment, net	$	~~222~~179,~~950~~830		$	240,294		-725	%
Other non-current assets	$	67,448		$	43,934		54	%
Other non-current assets, deferred taxes and others	$	3,669,445		$	3,922,142		-6	%
Deferred income taxes	$	3,612,247		$	3,878,208		-7	%
TOTAL ASSETS	$	10,935,499		$	11,979,301		-9	%
TOTAL ASSETS	$	11,377,929		$	11,979,301		-5	%
LIABILITIES AND STOCKHOLDERS’ EQUITY
SHORT-TERM LIABILITIES
Current bank debt	$	3,~~245~~093,~~766~~488		$	5,733,784		-4346	%
Convertible debentures	$	~~612~~672,~~818~~619		$	612,818		010	%
Accounts payable	$	3,~~323~~358,~~325~~607		$	3,462,094		-43	%
Advances from customers for future sales	$	~~155~~151,~~129~~240		$	173,312		-1013	%
Other taxes payable	$	3,~~752~~783,~~586~~200		$	3,687,950		23	%
Income tax	$	1,491,865		$	1,374,908		9	%
Income tax and other provisions	$	5,060,270		$	4,939,474		2	%
Provision for uncertain tax positions	$	3,564,566		$	3,564,566		0	%
Total short-term liabilities	$	16,119,424		$	18,609,432		-13	%
Total short-term liabilities	$	16,146,055		$	18,609,432		-13	%
Long-term bank debt	$	2,422,821		$	607,723		299	%
Long-term bank debt	$	2,225,667		$	607,723		266	%
Other Long-term liabilities	$	339,291		$	338,089		0	%
Net liabilities, Brazil subsidiaries	$	334,758		$	334,758		0	%
TOTAL LIABILITIES	$	18,881,536		$	19,555,244		-3	%
Other Long-term liabilities	$	4,399		$	3,331		32	%
TOTAL LIABILITIES	$	18,710,879		$	19,555,244		-4	%
STOCKHOLDERS’ EQUITY
Capital stock	$	1,282,942		$	1,282,942		0	%
Convertible debentures	$	1,137,182		$	1,137,182		0	%
Stock premium	$	2,~~833~~773,~~255~~454		$	2,833,255		0-2	%
Treasury stock at cost	$	(11,519	)	$	(11,519	)	0	%
Accumulated deficits	$	(13,039,056	)	$	(12,735,443	)	2	%
Accumulated deficits	$	(12,483,226	)	$	(12,735,443	)	-2	%
Other capital accounts	$	5,841		$	6,917		-16	%
Other capital accounts	$	17,536		$	18,436		-5	%
Equity (deficit) attributable to owners of the parent	$	(7,839,637	)	$	(7,475,147	)	5	%
Equity (deficit) attributable to owners of the parent	$	(7,223,830	)	$	(7,475,147	)	-3	%
Non-controlling deficit interest in consolidating subsidiaries	$	(106,400	)	$	(100,796	)	6	%
Non-controlling deficit interest in consolidating subsidiaries	$	(109,120	)	$	(100,796	)	8	%
TOTAL (DEFICIT) STOCKHOLDERS’ EQUITY	$	(7,946,037	)	$	(7,575,943	)	5	%
TOTAL (DEFICIT) STOCKHOLDERS’ EQUITY	$	(7,332,950	)	$	(7,575,943	)	-3	%
TOTAL LIABILITIES AND (DEFICIT) STOCKHOLDERS’ EQUITY	$	10,935,499		$	11,979,301		-9	%
TOTAL LIABILITIES AND (DEFICIT) STOCKHOLDERS’ EQUITY	$	11,377,929		$	11,979,301		-5	%

DESARROLLADORA HOMEX ~~S.A.B DE C.V~~ CONSOLIDATED ~~STATEMENTS~~INCOME ~~OF CASH FLOWS~~STATEMENT

~~For~~ACCUMULATED ~~the~~AS ~~period~~OF ~~ended~~SEPTEMBER ~~June~~ 30, 2016 AND SEPTEMBER 30, 2015

(Thousands of pesos)
(Figures in thousands of pesos)	sep-16					sep-15					% Chg
Income (Loss) before taxes on profits	$	432,676
REVENUES
+ (-) NON-CASH ITEMS
Housing revenues	$	685,239		99.5	%	$	165,266		71.1	%	314.6	%
Items related to investment activities
Affordable-entry level revenue	$	291,051		42.2	%	$	18,820		8.1	%	1495.9	%
Depreciation and amortization during the period	$	18,441
Middle income revenue	$	394,188		57.2	%	$	146,446		63.0	%	162.8	%
Loss on disposal of property and equipment	$	(88	)
Other revenues	$	3,753		0.5	%	$	67,204		28.9	%	-94.4	%
Interest earned	$	(2,641	)
TOTAL REVENUES	$	688,992		100.0	%	$	232,470		100.0	%	196.4	%
Other items	$	(1,178,418	)
COST OF SALES	$	542,255		78.7	%	$	102,325		44.0	%	429.9	%
Items related to financing activities
GROSS (LOSS) PROFIT	$	146,737		21.3	%	$	130,145		56.0	%	12.7	%
Accrued interest expense	$	244,861
Selling and Administrative Expenses
Cash flow before taxes on earnings	$	(485,169	)
Marketing and sales Expenses	$	68,511		9.9	%	$	8,816		3.8	%	677.1	%
Net cash flows generated or used in operating activities	$	425,893
Administrative expenses	$	312,478		45.4	%	$	357,228		153.7	%	-12.5	%
Increase / Decrease on clients	$	(64,377	)
Projects Maintenance	$	94,713		13.7	%	$	86,845		37.4	%	9.1	%
Increase / Decrease on inventory	$	44,749
TOTAL SELLING AND ADMINISTRATIVE EXPENSES	$	475,702		69.0	%	$	452,889		65.7	%	5.0	%
Increase / Decrease on other accounts receivable and other current assets	$	342,635
OTHER OPERATING (INCOME) EXPENSES, NET	$	(543,848	)	-78.9	%	$	(4,529,521	)	-657.4	%	0.0	%
Increase / Decrease on suppliers	$	(139,159	)
OPERATING INCOME (LOSS)	$	214,883		31.2	%	$	4,206,777		1809.6	%	-94.9	%
Increase / Decrease on other liabilities	$	242,045
NET COMPREHENSIVE FINANCING COST	$	407,091		59.1	%	$	1,451,140		624.2	%	-71.9	%
Net cash flows from (used in) operating activities	$	(59,276	)
(LOSS) INCOME BEFORE TAXES ON EARNINGS	$	(192,208	)	-27.9	%	$	2,755,637		1185.4	%	-107.0	%
Net cash flows from Investment Activities	$	1,633
TAXES ON EARNINGS	$	163,066		23.7	%	$	(634,737	)	-273.0	%	-125.7	%
Investment in property and equipment	$	(1,250	)
CONSOLIDATED NET INCOME (LOSS)	$	(355,274	)	-51.6	%	$	3,390,374		1458.4	%	-110.5	%
Income on sale of machinery and equipment	$	242
Net Income (loss) of controlling interest	$	(363,416	)	-52.7	%	$	3,389,885		1458.2	%	-110.7	%
Interest earned	$	2,641
Net (loss) non-controlling interest	$	8,142		1.2	%	$	489		0.2	%	1565.0	%
Net cash flows from financing activities	$	63,483
Bank financing	$	444,208
Payment of bank credits and other financing	$	(297,610	)
Interest paid	$	(83,115	)
Net (decrease) increase in cash and cash equivalents	$	5,840
Adjustment to cash flow due to changes in cash value	$	(900	)
Cash and cash equivalents at beginning of the period	$	41,562
Cash and cash equivalents at period end	$	46,502

DESARROLLADORA HOMEX CONSOLIDATED INCOME STATEMENT

FOR THE THIRD QUARTER OF 2016 AND 2015

(Figures in thousands of pesos)	3Q16					3Q15					% Chg
REVENUES
Housing revenues	$	253,570		99.7	%	$	51,099		78.4	%	396.2	%
Affordable-entry level revenue	$	104,649		41.1	%	$	13,284		20.4	%	687.8	%
Middle income revenue	$	148,921		58.5	%	$	37,815		58.0	%	293.8	%
Other revenues	$	817		0.3	%	$	14,097		21.6	%	-94.2	%
TOTAL REVENUES	$	254,387		100.0	%	$	65,196		100.0	%	290.2	%

COST OF SALES	$	203,654		80.1	%	$	12,845		19.7	%	1485.5	%

GROSS (LOSS) PROFIT	$	50,733		19.9	%	$	52,351		80.3	%	-3.1	%

Selling and Administrative Expenses
Marketing and sales Expenses	$	24,457		9.6	%	$	3,756		5.8	%	551.1	%
Administrative expenses	$	111,472		43.8	%	$	161,265		247.4	%	-30.9	%
Projects Maintenance	$	34,676		13.6	%	$	36,959		56.7	%	-6.2	%
TOTAL SELLING AND ADMINISTRATIVE EXPENSES	$	170,605		67.1	%	$	201,980		309.8	%	-15.5	%

OTHER OPERATING (INCOME) EXPENSES, NET	$	337,154		132.5	%	$	(4,549,358	)	-6978.0	%	-107.4	%

OPERATING INCOME (LOSS)	$	(457,026	)	-179.7	%	$	4,399,729		6748.5	%	-110.4	%

NET COMPREHENSIVE FINANCING COST	$	167,858		66.0	%	$	1,127,346		1729.2	%	-85.1	%

(LOSS) INCOME BEFORE TAXES ON EARNINGS	$	(624,884	)	-245.6	%	$	3,272,383		5019.3	%	-119.1	%

TAXES ON EARNINGS	$	(11,973	)	-4.7	%	$	(480,217	)	-736.6	%	-97.5	%
CONSOLIDATED NET INCOME (LOSS)	$	(612,911	)	-240.9	%	$	3,752,600		5755.9	%	-116.3	%
Net Income (loss) of controlling interest	$	(615,632	)	-242.0	%	$	3,750,864		5753.2	%	-116.4	%
Net (loss) non-controlling interest	$	2,721		1.1	%	$	1,736		2.7	%	56.7	%

The Consolidated Financial Statements in this quarterly report are included for the convenience of the reader. Please refer for the Complete Financial Statements presented before the National Banking Commission (CNBV) and Mexican Stock Exchange (BMV).

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