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Housing inventory static as mortgage volumes decline
Mortgage volumes are on the decline according to the Planning Institute of Jamaica. Meanwhile, the Developers Association is citing an overhang in construction units that are unsold on the market. Housing completions by the National Housing Trust,...
NHT, also fell in the third quarter.
Dayton Wood, president of the Jamaica Developers Association, says that an overhang or build-up of new units for sale may be causing a slowdown of implementation of plans for construction of new units. So, too, has the Jamaica Mortgage Bank, which finances construction activity.
https://jamaica-gleaner.com/article/...20the%20market.
All we need is a press release to rectify this....lol , its the economy stupid.
Mortgage volumes are on the decline according to the Planning Institute of Jamaica. Meanwhile, the Developers Association is citing an overhang in construction units that are unsold on the market. Housing completions by the National Housing Trust,...
NHT, also fell in the third quarter.
Dayton Wood, president of the Jamaica Developers Association, says that an overhang or build-up of new units for sale may be causing a slowdown of implementation of plans for construction of new units. So, too, has the Jamaica Mortgage Bank, which finances construction activity.
https://jamaica-gleaner.com/article/...20the%20market.
All we need is a press release to rectify this....lol , its the economy stupid.
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