NEW YORK ( TheStreet) -- Homex Development (NYSE: HXM) is trading at unusually high volume Friday with 1.3 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down 42 cents (-2%) at $20.51 as of 2:35 p.m. ET. Homex Development has a market cap of $1.15 billion and is part of the financial sector and real estate industry. Shares are up 24.1% year to date as of the close of trading on Thursday. Desarrolladora Homex, S.A.B. de C.V. operates as a vertically integrated home development company principally engaged in the development, construction, and sale of affordable entry-level, middle-income, and tourism housing in Mexico; and affordable entry-level housing in Brazil. The company has a P/E ratio of 9.6, above the average real estate industry P/E ratio of 8.9 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Homex Development as a hold. Among the primary strengths of the company is its attractive valuation levels, considering its current price compared to earnings, book value and other measures. At the same time, however, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow. You can view the full Homex Development Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.