Earlier, the DHSUD also estimated that 1.7 million jobs would be generated when the national housing program goes full blast with construction. READ:
In a recent Senate hearing for the 2023 budget of the Department of Human Settlements and Urban Development , Secretary Jose Rizalino Acuzar stressed the economic pump-priming potentials of the housing and real estate sector.Among the top 10 out of 80 allied industries that will benefit from the housing program once fully implemented include steel and metal manufacturing, cement, veneer and plywood, refined petroleum producers, sawmills, and wood and wholesale/retail businesses.
Acuzar emphasized the need for P36 billion in funding to jumpstart the construction of the first one million housing units under the program. Earlier, the DHSUD also estimated that 1.7 million jobs would be generated when the national housing program goes full blast with construction. Mr. Marcos’ Pambansang Pabahay para sa Pilipino Program aims to build one million housing units every year in the next six years to address the country’s housing backlog pegged at more than 6.5 million.
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