The Korea Housing Association announced today (Oct. 15) that housing supply performance increased by 25.0% through September of this year.

According to a survey of monthly housing supply figures from its member companies, a total of 110,775 homes were supplied nationwide from January to September this year, representing a 25.0% increase compared to the same period last year (88,595 homes).

By month, the upward trend compared to the same period last year continued through July, but decreased by 15.3% and 26.2% in August (10,632 homes) and September (11,273 homes), respectively.

This month, a total of 14,379 homes will be supplied, which is an 18.0% increase.

The Korea Housing Association comprises around 60 major construction companies, including Hyundai Engineering & Construction and Samsung C&T.

An official from the Korea Housing Association stated, "In line with the government's stance on expanding housing supply, member companies are continuously expanding their supply volumes within the limits permitted by conditions such as approvals and financing."
 
(Photo: Yonhap News)