Diversified finance key to meeting revised housing targets – BPFI

In the second quarter, mortgage approvals rose by 8.5% to 14,626 and drawdowns increased by 9.6% to 10,978.

Residential construction activity picked up in the second quarter, with housing completions increasing by 35% on the same quarter in 2024.

However, the number of new housing construction starts has fallen, underlining the struggle to meet targets to resolve the critical housing shortage.