Home > Ireland > Irish house building up 27% in first quarter but lags targets

Irish house building up 27% in first quarter but lags targets

Written by Business World, on 15th Jun 2018. Posted in Ireland

article headline

Ireland built 27% more homes in the first quarter of the year compared to the same period last year, the Central Statistics Office said on Thursday, but building levels significantly lagged what economists say is required.

Ireland built 14,446 dwellings in 2017, an increase of 46% from the previous year, the data showed.

Economists estimate that 35,000 new homes are needed a year to address the shortage in Ireland and keep up with demand in a country with the European Union's fastest growing population.

The new data series was released on Thursday for the first time following criticism that official government statistics overstated construction levels. (Reuters)

Source: www.businessworld.ie

More articles from Ireland

image Description

Irish Central Bank Governor appointed to ECB executive board

Read more
image Description

Excel Recruitment to create 100 jobs in Cork

Read more
image Description

Dassault Systèmes expands Irish presence in Cork

Read more
image Description

DUP no closer to backing Theresa May Brexit deal

Read more
image Description

Approximately €1.39bn transacted in Development Land Market in 2018

Read more