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July 22, 2024
Since 2021 housing starts have been lower than homes created. Factors that could limit housing supply include a shortage of land ready to start new developments, regulatory uncertainty and labor shortages. Measures are needed to boost residential construction and rental supply.
May 17, 2022
Home sales have been rallying since the second half of 2020, yet supply is barely growing. If the factors behind the sector’s sluggish recovery are not promptly addressed, the resulting pressure will push prices even higher.
February 29, 2016
Permits in December grew to 5,074, representing an increase of 2.7% from the previous month. The data surprised positively and the annual aggregate shows an increase of visas around 42.5% compared to 2015. The refurbishment fell by 0,4% from November and ends the year with an increase of 12.3% from the previous year.
November 26, 2015
In September 4,419 housing permits were signed, 2.9% more than in the previous month. This puts an end to a quarter in which they have remained stable compared to 2T15. Thus, permits signed between January and September increased 30.6% yoy. For its part, refurbishment also showed a positive development.
October 29, 2015
In August, 2,742 permits were signed, representing an increase of 7.8% from the previous month. Thus, the first eight month´s balance shows an increase of permits around 28% YoY. In August the refurbishment also showed a positive development.
September 29, 2015
Permits in june and july amounted to 4.540 y 5.198, respectively. In both months the monthly growth rate remained virtually stable, in line with forecasts. However, housing shows a upward trend and, in the first seven months, grew by 28% a/a.
July 30, 2015
In May, 3956 permits were signed, representing an adjustment of 9.2% from the previous month. As expected, the data offsets part of the the positive surprise in the previous month.Thus, the first five month´s balance shows an increase of permits around 28% YoY. The refurbishment increased.
June 29, 2015
Permits in April rose to 3.064, representing an increase of 20% from the previous month. The data was better than expected and more than offset the fall of the previous month. Thus, the aggregate of the first four months shows an increase of visas around 30% YoY. The refurbishment showed a limited increase.
April 29, 2015
In February 4,203 building permits were signed off, 6.2% more than the previous month. After the strong growth in January, the figure was better than expected. Thus, the activity of the first two months of the year increased 48% YoY. By contrast, refurbishment fell in February.
March 30, 2015
In January 3,466 building permits were signed off, 1.2% more than the previous month. Thus, the growth trend, which was interrupted in the final months of 2014, is back. Refurbishment also started the year with a significant increase.
January 29, 2015
Durante el mes de noviembre la firma de visados para la construcción de vivienda nueva cayó 14,7% respecto al mes anterior, una evolución peor a la esperada que mantiene la actividad constructora en niveles mínimos. Aun así, los visados firmados en los once primeros meses de 2014 crecieron el 5,1% respecto al mismo periodo del año anterior. Por su parte, noviembre tampoco fue un buen mes para la rehabilitación que se redujo el 2,4% respecto al mes anterior.
December 29, 2014
Permits in October fell by 1.2% from the previous month. Despite this decline, the trend in construction activity remains growing, albeit from a low base. Thus, the number of permits registered between January and October is 6.7% higher those from the same period last year. Meanwhile, refurbishment grew in October.
