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Housing construction could record the worst year in 2022 due to various conjunctural factors that have caused housing developers to pause their projects and reduce their inventories.
According to figures from Unique Housing Registry (RUV), dating from 2013, from January to October last year, 111,998 homes had been built, that is, a drop of 17.29% compared to the same period in 2021, which outlines the sector to end 2022 below the annual record low of 2020, when 151,366 units were built.
Besides the inflation which has caused a significant rise in construction materials and inputs.
Another factor that has stopped housing production during 2022 is the increase in the cost of credit required by developers, which has been driven by increases in the interest rate by decision of the Bank of Mexico (Banxico).
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