In Jalisco, one of the great challenges for the incoming administration will be working to meet the demand for housing at all levels, with guarantees in the quality of life, as well as ensuring that financing solutions are translated into quality loans, notes Francisco Pelayo Aguilar, president of the Cámara Nacional de la Industria de Desarrollo y Promoción de Vivienda (CANADEVI) (National Chamber of the Development and Housing Promotion Industry), Jalisco delegation.
He points out that, in terms of mortgage loans, Jalisco is in second place nationwide, following Nuevo León. And the municipalities of Zapopan, Tlajomulco and Tlaquepaque, for the Sociedad Hipotecaria Federal (SHF) (Federal Mortgage Company), lead in the rate of appreciation at the national level, above Monterrey and the Valle de México.
According to Pelayo, some of the factors that must be addressed in order to continue promoting housing are the generation of bridging loans by the SHF, so that developers can carry out projects of this type in a timely manner, as well as working to make mortgages accessible on the part of INFONAVIT, FOVISSSTE and IPEJAL.
According to the Comisión Nacional de Vivienda (CONAVI) (National Housing Commission), in the first eight months of this year, Jalisco saw 5.2 percent growth in loans for new and existing housing. This represents 42,861 loans, of which 21,114 were for the purchase of new housing, while 8,808 were for the purchase of existing units.
However, these numbers also show that, although financing for the purchase of new housing continues to predominate, from January to August of this year, the number of loans granted decreased 15.9 percent, while the demand for loans for existing housing grew 8.6 percent. INFONAVIT ranked as the entity that made the most mortgage loans.
The loans for both existing and new housing granted during the first eight months of the year amounted to $17,000,051 pesos. For CANADEVI, the housing industry is an engine for the economy, as it is a great generator of employment, creates its own and public assets, raises the standard of living and contributes to social improvement.
Heading toward the end of the year, the head of the chamber indicates that during 2018 “the industry focused on maintaining the pace of production, investment and employment,” so it is estimated that in terms of investment and loans the scope will be similar to that obtained in 2017.
“In 2018, as in the two previous years, we have faced very important challenges as a result of the decrease in resources directed to social housing, constant changes and adjustments to financing plans and an increase in prices of consumables.”
It should be noted that Jalisco has a total backlog of almost 270,000 homes, mainly in the social interest segment, which showed a decrease in production from 52,110 houses in 2014 to 38,639 in 2017. In 2013 it covered 84 percent of the demand for social housing in the state, while in 2017 only 70 percent was covered.
However, Pelayo says that the housing industry is showing permanent improvement in the planning, development and administration processes of its projects, which allows it to be more efficient, lower costs and incorporate new technologies that make the living spaces more sustainable and attractive.
Among other factors that are a priority to continue to promote housing in the state, he highlights the generation of suitable land and affordable prices by the three levels of government; the development of metropolitan projects that guarantee a dignified social environment, by providing all the necessary services (drinking water, drainage, lighting, public sanitation and security services); proximity to public transportation and educational, commercial and work centers; as well as essential federal subsidies to strengthen the purchasing power of lower income workers.
He notes that there is a good relationship with all representatives of the three levels of government and with the Organismos Nacionales de Vivienda (ONAVIS) (National Housing Agencies), which allows them to refine the objectives and results of public policies to continue promoting housing in Jalisco.