New Home completions for the first half of 2022 show significant increase

Property Industry Ireland (PII), the Ibec group that represents the property and construction industry, said today’s data from the CSO show dwelling completions increased by nearly 50% in the first half of 2022 when compared with 2021.

Director of Property Industry Ireland, Dr. David Duffy stated: "New home completions of 13,316 in the first six months shows the scale of the sectors response to the housing need.”

He continued: “However, the new home delivery environment is becoming more challenging. The cost of raw materials has risen significantly, impacting the viability of future delivery. We know from the recent Census that population growth has exceeded projections. There is an urgent need to revise housing targets to take account of this, particularly in our county development plans and land zoning. There is also the opportunity for further sustainable and viable growth through reform to our housing design guidance”.