The price of Mexican domestic wire rod fell US$45/mt during the last two weeks to reach $735/mt ex-mill.
While members of the housing sector meet with international financial institutions and promote the benefits of the national housing program, “the reality is that domestic demand is not lagging because of stagnation in the housing construction sector,” according to sources.
Outside financing programs totaling US$2.5 billion have been implemented in the housing sector for social housing, mortgage loans for house purchases, microcredit for the improvement and self-production of assisted living and credit lines to promote sustainable housing, “but the domestic market has not responded, even less with tax reforms approved by the public administration," industry sources said.