CSO data shows strong growth in new home completions
Data published today from the Central Statistics Office (CSO) highlights that dwelling completions have increased by over 50% in the first nine months of 2022 when compared with 2021.
New home completions of 20,807, up from 13,594 in the first nine months of 2021, is a significant upscaling of output by the sector, higher than the annual total for 2021 (20,560).
Commenting on the latest Central Statistics Office data on new home completions, Director of Property Industry Ireland, Dr. David Duffy said: “Total completions in the previous four quarters up to Q3 2022 amount to 27,773, suggesting that Housing for All’s target of close to 25,000 completions in 2022 will be met.
“The new home delivery environment is challenging. Energy and input costs have risen substantially, negatively affecting viability. Rising interest rates have impacted on the funding environment. Given these challenges, it is important that the public and private sector continue to collaborate to address the barriers to supply such as the need to urgently reform the planning system.”