The PIOJ says the total value of mortgages has significantly improved in the April to June quarter.
The latest figures show an almost 25-percent increase in mortgages to almost $16-billion.
Of that number, the total value of NHT mortgages increased by over 111 percent in the quarter to $11-billion.
PIOJ Director of Economic Planning, James Stewart, says this reflects an up-tick in housing developments.
James Stewart, Director of Economic Planning at the PIOJ.
The PIOJ says despite a seemingly low out-turn in construction of just over 1-percent the sector is actually doing quite well.
PIOJ Director General, Dr. Wayne Henry, says the seemingly low growth is a reflection of construction inputs being mostly imported which lowers their value added.
However, he says the gains will be fully realized once the projects are completed.
Dr. Wayne Henry, Director General of the Planning Institute of Jamaica.