19 million square meters of residential property made accessible
In a significant stride towards addressing housing needs, the state provided accommodation to 4,557 families from vulnerable social categories in 2024. This landmark initiative was part of the state's social obligations and a key action in its social welfare program.
The record amount of housing commission, totalling 19 million square meters, was announced by the Ministry of Finance and reported by our website. The source of this information was the Cabinet's press service.
The housing program in 2024 resulted in the construction of a total of 4,557 housing units, each one providing a much-needed home for a family in need. The families who benefited from this initiative were from vulnerable social categories, a testament to the state's commitment to social welfare.
While the Ministry of Finance's specific projected housing construction figures for 2024 are not directly available, recent U.S. government and economic forecasts offer some insight into the trend and projections for 2024 and nearby years. According to these forecasts, housing starts in 2024 were moderately robust but began slowing compared to previous years, with housing starts around 1.3 million annualized units before declining into 2025.
This suggests that while 2024 housing construction was relatively stronger, it was nearing a peak before the downturn in 2025 due to economic headwinds such as high mortgage rates and elevated home inventories.
Despite the slowdown in new construction activity, the state's commitment to providing housing for vulnerable families remained unwavering. The record housing commission in 2024 marked a significant milestone in the state's efforts to ensure everyone has a place to call home.
[1] U.S. Census Bureau. (2025). Residential Construction. Retrieved from https://www.census.gov/construction/index.html [2] National Association of Home Builders. (2025). Housing Starts. Retrieved from https://www.nahb.org/en/economics/housing-indicators [3] U.S. Department of Housing and Urban Development. (2025). Housing Starts. Retrieved from https://www.huduser.gov/portal/datasets/housing_characteristics.html [4] Deloitte. (2025). U.S. Housing Market Outlook. Retrieved from https://www2.deloitte.com/us/en/pages/real-estate/articles/us-housing-market-outlook.html
- The state's record housing commission of 19 million square meters in 2024, announced by the Ministry of Finance, indicates a significant expansion in the real-estate sector for the purpose of investing in residential units.
- Despite the moderately robust housing starts in 2024, with a declining trend projected in 2025 due to economic headwinds, the state's investing in housing continues to prioritize accommodating families from vulnerable social categories, aligning with the broader goals of its social welfare program.
