The Construction Department Mexican Chamber (CMC) announced on Tuesday that the cost of housing construction in Mexico would increase by 3 to 4% this year following the launch of 25% of US charges on steel and aluminum.
On March 11, America Imposed 25% of charges In all steel and aluminum imports, Mexico is an excellent supplier with Canada and Brazil. US President Trump has threatened to impose fees for other Mexican products from April 2, which may contribute further for this cost increase.
Although developers are more cautious, the National Housing Development and Promotion Industry (Canadide) Carlos Edwardo Ramerez Cape said that the investment fees in housing projects have not yet been reduced.
“If the damage is imposed, it will be directly proportional. If we have an increase, if we do not reach an agreement, they will be up to six months or a year,” Ramarez newspaper said in an interview with Economist.
Meanwhile, the CEO of the Mexican Real Estate Bank (PIM) Rodrigo Botilla Guiros said that the developers are continuing with caution, but no plans have been canceled so far.
Patilla stressed that it was not only the cost of rising goods to Mexico, but also the impact of the US trade policy on employment in the construction sector.
“The biggest concern (domestic) is a recession in employment. The biggest impact is on families, because it is undoubtedly postponing the ability to create property wealth.
Does Mexico have a home shortage?
Some developers also suggest that the concessions to re -implement construction in Mexico are minimal, which is facing the shortage of approximately eight million homes.
By 2024, 128,147 houses were built in Mexico, which was the lowest registered size since its launch of the single housing registry in 2013. In 2024, three (33.62%) residential construction projects were low -income homes, which had an average of 521,484 PESOS (US $ 26,000).
In October, Mexican President Claudia Sheinbam Have been notified Over the next six years, 600 billion Bezos ($ 29.7 billion) investment in the construction of one million new homes across the country, which will help increase Mexico’s home sector.
Impact on the industry
Mexico produced 18.2 million tonnes Steel in 2024In 2023, at least from 19.85 million tonnes, often due to weak demand. It exported three million tonnes in 2024 and went to the United States of 2.3 million tonnes
Mexican Steel Mills plans to add five million tonnes of steel per annum in the first half of 2026, the industry -launched Arcus Media said. However, as foreign demand declines, Mexican steel manufacturers may begin to feel the impact of the dull domestic market.
With reports from Economist And Argus media
