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The Construction of New Housing, in Decline Since 2019
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Last year, the Gross Domestic Product (GDP) of the housing sector reached a value of 1.7 trillion pesos, a growth of 3.1% compared to 2023 and contributed 5.4% of the total economy, according to the most recent information of Inegi.However, the construction of new houses and departments was not what drove the growth of the sector, as it decreased 12% against 2023 and was the deepest fall since 2020, when it collapsed 15.3% as a result of the COV…
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