With the IMF’s first quarterly review of Jamaica’s Extended Fund Facility now completed and the programme confirmed on track, the housing sector digests a mixed signal: institutional credibility is marginally restored, yet the structural conditions weighing on mortgage affordability and construction output remain firmly in place. This August 2013 edition examines what programme compliance means — and does not mean — for the residential market, and takes stock of the NHT controversy that dominated policy discourse through July.
