Developers Forecast Housing Boom Despite Production Lows

Despite historic lows in the production of new housing in Mexico, developers Vinte, Ruba, and Consorcio Ara project a strong year for housing sales. Together, these firms expect to sell up to 38,000 homes in 2025, a 20.2% increase compared to the 31,589 units deeded in 2024. The surge is driven by robust demand in industrial and tourist cities, the National Housing Plan, and a favorable environment for mortgage rates.

 “Our goal is 16,000 deeded homes in 2025,” says Sergio Leal, Chairman of the Board, Vinte, to El Financiero. Vinte sold 15,243 homes last year. The firm started the year with a 7.7% increase in revenues during 1Q25, selling 1,419 homes — 1% more than the same period in 2024.

Vinte is in talks with the National Workers’ Housing Fund Institute (INFONAVIT) to participate in the federal government’s new housing construction program. “We view the program as very dynamic and beneficial. It will help address housing needs for families earning one to two minimum wages,” says Leal.

Ruba, one of the country’s most active developers, expects to grow by 22.6% this year, targeting the sale of over 13,000 homes nationwide. “We believe the favorable conditions will continue in the coming months,” says Jesús Sandoval, CEO, Ruba. Sandoval says that the INFONAVIT construction program could help developers address the low-income housing segment, which is often neglected due to high land costs, insufficient infrastructure, and lengthy permit processes. “This program will help meet the demand that private developers have struggled to serve,” he says.

Consorcio Ara also expects significant expansion, planning to nearly double its output from 5,749 homes in 2024 to 9,000 in 2025. 

National Housing Plan Boosts Outlook

The federal government is pushing forward with an ambitious plan to address Mexico’s housing deficit. Edna Vega, Minister of Agrarian, Urban, and Territorial Development (SEDATU), reports significant progress under the Housing for Well-Being program. Construction has started in 28 states, with over 106,000 projects launched in April and May, and another 48,000 planned for June and July. The government has signed 32 collaboration agreements with state and municipal entities and identified 373 land plots — totaling 2,350ha — for development.

Additionally, the federal government has issued 85,000 housing support cards in the State of Mexico alone, representing an investment of MX$3.4 billion (US$173 million).

Octavio Romero, Director General, INFONAVIT, reveals that the institution manages 933,000 problematic properties nationwide. These include 131,000 involved in mass lawsuits, 216,000 without deeds, and 479,000 with high debt levels. INFONAVIT is conducting a national survey to determine occupancy status, with early findings indicating 87% are inhabited. The agency is working on credit restructuring and social leasing options to regularize or rehabilitate these properties.

Presidential Commitment to Affordable Housing

In 2024, President Claudia Sheinbaum launched the Housing and Regularization Program, aiming to build 1 million homes and grant 1 million deeds during her administration. The initiative focuses on vulnerable populations such as women-led households, young people, indigenous communities, and seniors. Half of the homes will be built by INFONAVIT for eligible beneficiaries, while the other half will be constructed by the National Housing Commission (CONAVI), financed by the state-run Welfare Financial Institution (FINABIEN).

Sheinbaum emphasized the program’s commitment to offering affordable, well-located housing that meets the real needs of Mexican families. She criticized past administrations for building housing in remote areas, resulting in over 600,000 abandoned properties. Her administration is now prioritizing projects near workplaces, essential services, and public transport.