Podcast
Questions and Answers
What does housing demand refer to in the context of the housing market?
What does housing demand refer to in the context of the housing market?
What indicates a housing deficit?
What indicates a housing deficit?
As of 2024, how many housing units are in the backlog in the Philippines?
As of 2024, how many housing units are in the backlog in the Philippines?
Which type of housing has the highest demand as of 2011?
Which type of housing has the highest demand as of 2011?
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What is defined as a housing backlog?
What is defined as a housing backlog?
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What does housing supply refer to?
What does housing supply refer to?
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What is the total number of players in the housing market?
What is the total number of players in the housing market?
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Which organization is responsible for coordinating housing and urban development in the Philippines?
Which organization is responsible for coordinating housing and urban development in the Philippines?
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What is the price threshold for socialized housing in the Philippines?
What is the price threshold for socialized housing in the Philippines?
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Which type of housing covers the price range starting from 450,000 Pesos but not exceeding 1.7 million Pesos?
Which type of housing covers the price range starting from 450,000 Pesos but not exceeding 1.7 million Pesos?
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What is the minimum price for units to be classified as low cost housing?
What is the minimum price for units to be classified as low cost housing?
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Which entity can partner with local governments for housing development according to the IPP 2014 - 2016 policies?
Which entity can partner with local governments for housing development according to the IPP 2014 - 2016 policies?
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Which of the following systems is included under modular housing components?
Which of the following systems is included under modular housing components?
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What is emphasized in the manufacturing of modular housing components?
What is emphasized in the manufacturing of modular housing components?
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Which of the following is NOT a characteristic of economic housing in the Philippines?
Which of the following is NOT a characteristic of economic housing in the Philippines?
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In the context of the IPP policies, which body is NOT mentioned as a potential partner for housing development?
In the context of the IPP policies, which body is NOT mentioned as a potential partner for housing development?
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What is the role of the Housing and Urban Development Coordinating Council (HUDCC)?
What is the role of the Housing and Urban Development Coordinating Council (HUDCC)?
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Which agency is responsible for engaging in shelter production for homeless and low-income families?
Which agency is responsible for engaging in shelter production for homeless and low-income families?
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Which organization aims to provide its members with adequate housing through a savings scheme?
Which organization aims to provide its members with adequate housing through a savings scheme?
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What does the HLURB stand for?
What does the HLURB stand for?
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What is the primary focus of the Home Guaranty Corporation (HGC)?
What is the primary focus of the Home Guaranty Corporation (HGC)?
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Which of the following sectors does the Pag-IBIG Fund aim to harness for housing delivery?
Which of the following sectors does the Pag-IBIG Fund aim to harness for housing delivery?
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Which entity was created through Executive Order No. 90?
Which entity was created through Executive Order No. 90?
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Which agency serves as the sole government body responsible for land use regulation and housing development?
Which agency serves as the sole government body responsible for land use regulation and housing development?
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Study Notes
Housing Needs, Demands, and Supply
- Housing needs refer to the number of housing units required in a housing market to accommodate new households, those who are homeless, and households living in substandard housing.
- Housing demands represent the total number of households potentially seeking new or renovated units within a defined housing market area.
- Housing supply consists of the available housing units at a specific time and price level.
Housing Market Dynamics
- Housing deficit arises when housing demand surpasses supply.
- Housing backlog is the accumulated consequence of housing deficits.
- Housing surplus occurs when housing supply exceeds demand.
Key Figures
- The housing backlog in the Philippines was estimated at 3.9M units in 2011 and increased to 6.5M units in 2024.
- Economic housing, priced between 450,000 and 1.7 million Pesos, experiences the highest housing demands, reaching 450,000 to 1.7 million units in 2011.
- The Philippine housing market is a dynamic one, with 3,164 players, including subdivision and housing developers.
Housing Market Regulation
- The Housing and Urban Development Coordinating Council (HUDCC) is the highest governing body for shelter policy and coordination.
- The Subdivision and Housing Developers Associations (SHDA) is an important industry group working within the housing sector.
Housing Types
- Socialized housing projects are priced at or below 450,000 Pesos.
- Economic housing encompasses units priced between 450,000 and 1.7 million Pesos.
- Low-cost housing units are priced between 1.7 million and 3 million Pesos.
Housing Policies (IPP 2014 - 2016)
- The IPP 2014 - 2016 (Inclusive Philippine Plan) aims to stimulate the development of economic and low-cost housing.
- Joint venture arrangements are encouraged for new housing developments with either the local government, a BOI-registered entity, or an HLURB-accredited developer.
- Modular housing component manufacturing is encouraged, emphasizing indigenous materials for roof, framing, wall, flooring, door, window, and ceiling systems.
- Endorsement from Accreditation of Innovative Technologies for Housing (AITECH) is required for registration of modular housing component manufacturers
Housing and Urban Development Coordinating Council (HUDCC)
- Established through Executive order No. 90, the HUDCC is the highest authority for housing policy and coordination.
- The HUDCC serves as an umbrella organization for four key housing agencies: HLURB, PAG-IBIG Fund, NHA, and HGC.
Housing Agencies
- The HLURB (Housing and Land Use Regulatory Board) is the government agency for shelter production focusing on providing housing for homeless and low-income Filipino families.
- The PAG-IBIG Fund offers its members housing through a savings scheme, with the goal of leveraging four sectors of Philippine society - the financial sector, industry, government, and Filipino people.
- The NHA (National Housing Authority) is the national government agency responsible for planning, regulation, and quasi-judicial functions related to land use development, real estate, and housing regulations.
- The HGC (Home Guaranty Corporation) promotes home ownership for middle and low-income families.
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Description
Explore the critical aspects of housing needs, demands, and supply in the context of market dynamics. This quiz covers concepts such as housing deficits, backlogs, and surpluses while providing insights into the Philippine housing market. Test your understanding of the factors shaping housing availability and requirements.
