NEWS FOR IMMEDIATE RELEASE
DATE: Monday, August 31, 2020
Housing data provided in the Economic and Social Survey Jamaica (ESSJ), 2019
The Planning Institute of Jamaica annually publishes data on developments in the Construction Industry, including key indicators of performance. Among the key indicators published are time series data on Housing Starts and Housing Completions, which are used to analyse the out-turn for the Residential Housing Construction component of the Building Construction category. The 2019 dataset is presented in the ESSJ 2019 in Table 14.1, Major Performance Indicators of the Construction Industry. All the data included in this Table are provided by official sources, for example, the National Housing Trust (NHT) and the Housing Agency of Jamaica (HAJ).
The Housing Starts and Completions data include information on the Government of Jamaica led developments (the NHT and the HAJ) or developments facilitated by the GOJ (Private Developers under the NHT Interim Financing Agreement). No information on developments financed and undertaken strictly by private developers are included in the dataset.
As shown in the Table above, Housing Starts totalled 11 682 units in 2019, disaggregated into 8 120 by the NHT and 3 562 by the HAJ. There were no starts by Private Developers under the NHT’s Interim Financing Agreement. The data on Housing Completions indicate that for 2019 there were 2 168 units completed, disaggregated as follows: 1 953 by the NHT; none by the HAJ; and 215 by Private Developers under the NHT Interim Financing Agreement.
The difference in the data for Housing Starts and Housing Completions is due to the fact that Housing developments take multiple years to be completed.
Since the publication of the ESSJ 2019, the PIOJ has received revised data on Housing Starts and Completions for 2018 and 2019 as per Table below. The revised data will be published in the 2020 edition of the ESSJ.