For USG, a materials company with 50 years of experience, the forecasts that have been given about the growth of the construction industry for this 2021 are precarious.

BBVA, for example, contemplates a 2.7% development, while the Mexican Chamber of the Construction Industry (CMIC) expects 5%. The company differs: "an increase of between 10% and 15% is a fairly stable and real base," said Fernando Fernández, CEO of the company, at a press conference.

“The residential sector is, in some way, the one that is pushing the recovery (...) 58% of the large-format works that we have registered belong to the residential sector, and the most important are located in Jalisco, Nuevo León, Querétaro, Quintana Roo and Yucatán ”, detailed the official.

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His forecast is given after the elections on June 6, since the event was taken as a watershed and managed to show how much stability there could be for the projects of this and next year.

Although in 2020 and early 2021 the sale of housing contracted due to caution in the face of economic uncertainty (data from Lamudi indicate that commercialization fell 12%), the phenomenon occurred due to a postponement in the purchase decision, but the Demand for places to live will continue due to the Mexican demographic.

The most accessible rates of bank mortgage loans, which range between 9% and 18%, as well as the transformation of offices into residential spaces will contribute, considers Fernando Fernández.

In our Markets section, you can find the reports that we generate with key indicators such as construction.

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