JM starts construction of 698 homes in Sweden
During the third quarter JM began construction on 698 residential units in its Swedish operation, including 461 in JM Residential Stockholm and 237 in JM Residential Sweden. The housing starts for JM Residential Stockholm include 224 leasehold units for Stockholmshem. Project financing is ensured for the construction projects that began during the quarter.
"It is gratifying that demand allows us to start working on new residential projects to a larger extent. The financing situation has also continued to improve during the third quarter. Nevertheless, the financing process remains sluggish and it is too early to judge conditions for planned starts during the fourth quarter," says President Johan Skoglund.