{"id":10197,"date":"2011-07-15T08:14:17","date_gmt":"2011-07-15T12:14:17","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=10197"},"modified":"2011-07-15T09:03:05","modified_gmt":"2011-07-15T13:03:05","slug":"construction-stagnant-due-to-mortgage-structure","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2011\/07\/construction-stagnant-due-to-mortgage-structure","title":{"rendered":"Construction Stagnant Due To Mortgage Structure"},"content":{"rendered":"<figure id=\"attachment_10221\" aria-describedby=\"caption-attachment-10221\" style=\"width: 384px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-10221 \" title=\"Stephen Wrinkle\" src=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2011\/07\/steve-wrinkle.jpg\" alt=\"\" width=\"384\" height=\"256\" srcset=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2011\/07\/steve-wrinkle.jpg 640w, https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2011\/07\/steve-wrinkle-150x100.jpg 150w, https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2011\/07\/steve-wrinkle-250x166.jpg 250w\" sizes=\"auto, (max-width: 384px) 100vw, 384px\" \/><figcaption id=\"caption-attachment-10221\" class=\"wp-caption-text\">President of the Bahamian Contractors Association Stephen Wrinkle<\/figcaption><\/figure>\n<p>The lack of growth in the domestic construction sector must be examined by the government, according to President of the Bahamian Contractors Association Stephen Wrinkle, who noted that Bahamians have the challenge of qualifying for home loans.<\/p>\n<p>\u201cI see the banks are doing well this year and that\u2019s fine but Bahamians can\u2019t get access to those funds&#8230;\u00a0 The government needs to look at the mortgage industry as a whole to reinvigorate the sector, because Bahamians can\u2019t invest in a home if they can\u2019t qualify for bank loans,\u201d Wrinkle told Guardian Business yesterday.<\/p>\n<p>\u201cUntil that happens we won\u2019t see any growth in the housing market at all.\u00a0 In order for it to rebound, Bahamians need to qualify for mortgages.\u201d<\/p>\n<p>The construction sector showed no signs of recovery according to the latest Central Bank report, with total mortgage disbursements declining 15.4 percent year-on-year for the first quarter of 2011.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The construction sector has shown no signs of recovery and won&#8217;t, according to President of the Bahamian Contractors Association Stephen Wrinkle, until the government invigorates the mortgage sector.<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[87,24,98,40],"class_list":["post-10197","post","type-post","status-publish","format-standard","hentry","category-business","tag-banking","tag-construction","tag-financial","tag-government"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/10197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=10197"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/10197\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=10197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=10197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=10197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}