Housing production in the country from January to June 2022 amounted to 66 thousand 855 houses.It is one a drop of 20.61 percent compared to the same month last yearwhen 84,216 units were registered, according to data from National Chamber of Construction and Housing Promotion Industry (Kanadevi) and Unified Housing Registry (RUV).
“We are very concerned,” he said in an interview. Luis Alberto Moreno Gomez Monroy, President of Canadevi”a significant slowdown in the construction part and a constant decline in registration and placement.”
He pointed out that this year they registered a negative trend that does not seem to give up, from January to March 2022 they registered a 30 percent decline, falling from 44 thousand 446 houses built in 2021 to 31 thousand 91 houses in annual comparison.
He explained that the 600 members that make up the Chamber and are responsible for building 80 percent of the housing development at the national level, “we are very concerned that the rights holders are not served, and if we do not do something that changes direction, the consequences will be reflected in the next year, because there will be very few proposals, because our projects are valid for 12 months.”
Dark He commented that the decline in housing construction has been observed since 2015, “instead of rising, production began to fall, and now we are in the most critical periods.”
He added that this is a result of the COVID-19 pandemic, inflation, rising interest rates and even the war in Ukraine have made builders wary of investments.
“The rise in interest rates is affecting us a lot, not so much in terms of the mortgage loan that has been backed up, but in terms of the bridging loan we use to build facilities,” the chief executive said.
He said that while the individual mortgage loan has been maintained and now is a good time to buy, “there are no projects.”
He noted that the best time for residential construction was in 2007 when they reached 540,000 homes per year, and this figure has been maintained until 2015, and since then there has been a downward trend until production exceeds 144 thousand units by 2021. . .
Finally, Luis Alberto Morenocommented it Mexico requires National Housing Plan that it should not be subject to a six-year time frame, as it requires both construction to be commissioned and promoted and funding generated.
Source: Heraldo De Mexico
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