Why Mexico's Home Construction Hits an All-Time Low
Mexico's affordable housing production hits record lows, raising concerns for the industry. Demand falls due to the low credit capacity of buyers, urging collective action to revive the housing sector.
Despite a rise in employment figures, the housing sector in Mexico, especially the construction of affordable homes, faced a significant setback in the first half of the year. The situation is particularly concerning in Nuevo León, which has been a key reference for housing development in the country.
According to data from the Single Housing Registry (RUV), the national production of houses from January to June amounted to 60,822 units, marking a 9 percent decline compared to the same period last year. This translated to a worrisome shortfall of 6,033 homes. What is even more alarming is that the number of affordable housing units constructed plummeted by 26 percent to 21,932 units. This represents the lowest volume of affordable housing built since 2010, a stark indication of the growing housing crisis.
