The president of the Board of Directors of Vinte, Sergio Leal, expressed that the company expects a growth of 15 percent in both revenues and the housing sector. On the other hand, Ruba, the second largest competitor in the market, projects double-digit growth after a positive performance in 2024.
In the same vein, Jesús Sandoval Armenta, CEO of Ruba, stated that they expect to sell more than 12,000 units during the year and continue with double-digit growth, as they have done in the last 26 years.
Developers are optimistic about Infonavit's participation in social housing construction, highlighting the importance of energizing the construction industry in the country. Vinte, along with the acquisition of Javer, is ready to support the construction of the one million homes needed in Mexico.
Meanwhile, Cadu reported a slight decrease in its annual revenues and sales volume. Local and regional companies are preparing to venture into large-scale housing production.
In more general terms, the housing market in Mexico reported an 8.4 percent increase in sales throughout 2024, despite a slight decrease in the number of homes sold. This increase is largely attributed to a rise in selling prices.
Participation in the national housing plan of the government of Claudia Sheinbaum is a near goal for developers in the country, who are awaiting the new operating rules and budget of Infonavit Constructor.
In this regard, Carlos Ramírez Capó of Canadevi mentioned that the industry has underutilized construction capacity for social housing, which could be leveraged once the new rules of Infonavit are defined.
After the approval of the reform to the Infonavit Law, the creation of a subsidiary construction company expected to begin housing construction in April is foreseen. With projections of double-digit growth for the current year, companies in the sector maintain an optimistic outlook regarding their operations and results.
