Fifth Mexican Housing Day to be Held in New York and London

MEXICO CITY, Feb. 6 /PRNewswire/ -- Mexican Housing Day will be held for the fifth consecutive year in New York and London, providing Mexican government officials and private entrepreneurs an opportunity to present the challenges and prospects of the Mexican housing sector to the international financial community.

The meeting, headed by Carlos Gutierrez Ruiz, director general of the Mexican Housing Commission (Conavi), and to be attended in New York by Mexico's Secretary of Economy, Luis Sojo, confirms Mexico offers significant business opportunities in the field of housing within the complex international financial market.

At Mexican Housing Day, which will take place in New York on Friday, February 8, and London on Monday, February 11, the head of Conavi will discuss the Felipe Calderon administration's public policies, as well as the housing sector's challenges and prospects in Mexico.

Alejandro Werner, Deputy Secretary of the Treasury of Mexico, will make a presentation on Housing in Mexico: A Social Industry with Social Responsibility and Sustainable Growth, while the chairmen of the Mexican Bank Association and Mexican Mortgage Association will lecture on The Mexican Mortgage Market: An Industry with Sustainable Growth.

The heads of Infonavit, Victor Manuel Borras Setien, Fovissste, Manuel Perez Cardenas, and SHF, Javier Gavito, will also be speakers, together with the chairmen of the Senate Housing Committee, Carlos Lozano, and the Lower House Housing Committee, Diego Aguilar.

Despite the international economic environment, investments in the Mexican housing sector are expected to exceed 281 billion pesos (USD 25.926 billion) this year.

The sector's strength comes from the fact that over 90 percent of the material used to build houses comes from Mexico, while construction yields five directly related jobs and has a direct effect on 37 industry and service branches.

Thanks to these factors, the housing sector has formed one of the most thriving industries in Mexico, with 260 billion pesos (close to USD 24 billion) invested during 2007.