RUV Registro Único de Vivienda (National Housing Registry) Technology for a Sustainable Housing Policy March 7, 2013
RUV Key Events - Timeline Infonavit announces creation of National Housing Registry 2004 Fovissste, Infonavit, SHF and Conavi unify registration criteria for low income housing construction 2005 RUV is launched supported by Conavi, Fovissste, Infonavit, SHF, Fonhapo, ABM, AMSOFOL, CANADEVI 2006 and CMIC RUV becomes responsible for on-theground construction verification process to ensure existence and quality of inventory 2009 Is agreed to separate RUV from Infonavit in order to became an industry tool 2010 RUV becomes an independent entity catering to the entire housing sector stakeholders as a business intelligence 2011 tool 3
The RUV was designed to improve efficiency for the housing industry through automation of processes and providing business intelligence 1 2 3 4 Guarantee on-line information availability on housing offerings nationwide Automate and improve housing offering registry procedures Define quality standards and ensure full compliance by all participants Reduce financial and operational costs for the housing industry 4
RUV currently supports 5 processes within the housing production cycle delivering significant efficiencies Homebuilder registry and verification Land Reserve Registry New housing offering registry Contruction verification process CONAVI compliance measurment and verification Housing offering monitoring Volume, features, price, consistency, compliance Cost efficiencies Operational simplification Remote registry (single registration point), certainty on construction process, organized network of housing suppliers Certainty of homebuilders capacity and institutionalization 5
RUV represents the opportunity to have an industry backbone process delivering certainty to stakeholders and final users. furthermore, it can provide independent modules that add value to each stakeholder 6
Information flow Urban Development Housing Registry Verification Process Assessment Property Registry Service providers information Planning Construction Selling Post-sales services Much of RUV s strategic value lies in its capacity to gather, store and analyze information from all stages of home building Gives certainty to the building and registry processes and delivers strategic information for the decision making 7
RUV is a business intelligence application facilitating data analysis and strategic decision making for stakeholders of the Mexican housing industry 8
Utilities reach Confirmation of water and electrical supply Project Specs Data HBs The long-term vision for RUV involves multiple benefits for its stakeholders due to the potential operational integration Blueprints Digital repository Available Land Planning Housing statistics Urban equipment Proposals Land use Oficial numbers License numbers Development permission acknowledgement Housing registry Building speed Building progress and Quality Materials suppliers Building progress and Quality Construction verification companies Allocation Offer registration Building progress HBs Construction Housing offering with or without credit Building progress and Quality Building progress and quality reported Building progress and Quality Asign Housing information HBs Performance Appraisal Information ONAVIS Appraisal unit Appraisal Notaries Housing specs Housing seller data Selling Houses sold Selling speed Notary Registry Housing in a mortage process HBs Assessment Housing statistics Selling speed Market selling behavior Strategic Operational State, governmet agecies Demographic Information Housing Statistics finished and on progress Service Providers Post-sales Services 9
Currently RUV is in the process of integrating operations from all HBs and financial institutions to create a national database VISION Operations simplification Industry s intelligence tool Housing Information Source Monitor HB performance Professionalize industry operations 10
The national database will bring important benefits to all stakeholders and interested parties of the housing sector Provides a fully integrated planning tool for public policy Supports simplification and transparency on housing rules and regulation Supports urban and community quality assurance Simplifies processes Lowers operational costs Provides information on industry needs Helps professionalize the industry RUV s benefits Monitors supply and demand, avoiding value distortions Provides information on developments in risk areas Provides information on available houses Provides certainty of the construction process linked to loans Information of environmental and urban compliance Greater certainty on collateral value 11
CONAVI program methodology f x (x,y,z,.w) = housing assessment metrics Involves each housing development and its surroundings Locates and assess housing offering in the area Incorporates official databases and maps (SEP, INEGI, other) Performs automated geo-referenced measurements Assesses quality and regulatory compliance Builds and compares price references by area Results validated on-field by certified inspectors Assigns value to each result based on CONAVI algorithms
Recently, RUV started to create the National Land Reserve Database complying with the National Housing Policy LOCATE Each HB and land reserve owner will deliver information of each reserve As of today RUV has received information on more than 18 thousand acres of land reserves MEASURE CONAVI perimeters Public infrastructure availability Own infrastructure already developed Distance to nearest city and nearest working center Evaluate demographics within the area Evaluate housing existence and registry Integration of satellite views to complement measurements ASSESS Using SEDATU Algorithms (currently under development) 13
419 401 355 332 281 236 235 227 223 217 210 187 489 686 648 621 620 614 608 867 1,016 1,295 1,419 1,827 2,017 So far, 80% of the Land Reserves are concentrated on 25 municipalities 2,000 80% 70% 1,500 60% 50% 1,000 40% 30% 500 20% 10% 9% 7% 6% 5% 4% 3% 3% 3% 3% 3% 3% 2% 2% 2% 2% 2% 1% 1% 1% 1% 1% 1% 1% 1% 0% 10% - hectares % hectares % acummulated The presented Land Reserves are scatter on 101 municipalities
25,532 24,532 22,437 20,901 16,685 14,847 13,791 12,548 11,816 10,350 5,275 4,746 4,075 0 49,351 42,547 39,547 36,981 34,425 66,395 66,011 65,331 58,307 85,652 103,575 Where over 835,000 houses were and are being build over the past 6 years 100,000 80,000 60,000 40,000 20,000 0 sold in progress finished Those 25 municipalities concentrate 48% of the existing houses build among the 101 municipalities with land reserve 1.7 million RUV registered houses build over the past 6 years
Based on current land reserves registration, 53% of them are in CONAVI 2013Polygons, and 66% are already under development Land Reserves by CONAVI 2013 Polygon 6% 20% 27% 47% Land Reserves under Development 0% 9% 1% 10% 11% 20% 8% 12% 22% 16% 19% 17% 22% 14% 10% 1% 1% 0% 3% 34% 34% 34% U1 U2 U3 Out of polygon 800 Meters 2KM 4 KM 0 houses 1-99 houses 100-999 houses 1000-4,999 houses 5,000-9,999 houses 10,000-19,999 houses 20,000-29,999 houses >30,000 houses 19,957 hectares have been incorporated on the DB 10,623 hectares are in Polygon 1, 2 or 3 13,133 hectares are under development
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 13 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 13 15,658 15,233 29,978 30,702 28,345 27,746 26,389 25,265 25,622 23,121 19,009 27,007 28,264 23,396 33,852 31,068 25,986 23,278 24,902 23,997 23,489 23,059 34,981 27,440 32,573 32,526 Based on RUV data, in 2013 new housing registry and completion should increase in order to meet the Government s goal of delivering 500,000 new houses Housing Starts Housing Completion 341,272 New Homes Registered in 2012 295,313 New Homes Completed in 2012
500,346 429,359 414,217 379,503 341,275 309,086 352,013 500,346 414,217 345,519 341,275 295,313 The adjustment in New Housing Registry throughout 2012 was mainly due to market efficiency, where HBs adjusted their production to meet market needs Registry Vs Verification Registry Vs Completion 2010 2011 2012 Registry Verification 2010 2011 2012 Registry Completion
Up to 55% of the registry of new houses is concentrated in 6 states, which are also the ones where nearly 35% of the economically active population is located **ProMexico Inversión y Comercio Minitry of Economy
Vertical housing has increased its participation over the past 3 years, reaching 26% of New Housing Registry in 2012, more than 3 times compared to 2009 New Housing Registry Mix by construction typology 8% 12% 21% 26% 92% 88% 79% 74% 2009 2010 2011 2012 Other Vertical
Between 2011 and 2012 RUV registered a move of HBs strategy reallocating their efforts into higher income segments Popular 60% Economic 4% 1% 2012 Residential Traditional 10% Medium 25% House Price Range Economic up to $223,591 Popular up to $378,967 Traditional up to $663,192 Medium up to $663,192 Residential up to $1,421,124 6% 1% 7% 22% 64% 2011
RUV is prepared to walk alongside our government, industrials, and stakeholders of the Mexican housing industry through the new phase proposed by the National Housing Plan, providing strategic information for all the crucial decision making processes.