The latest statistics from the Department of Housing show that Irish housing output continues to climb from low levels.
In January, 1,244 units were completed across the country (+35% yoy). This takes the total over the most recent twelve months to 15,256, the highest since late 2010.
The figures show that 910 units “commenced” in January up 45% yoy. Within this, scheme housing continues to lead the way, up 47% yoy in January. Over the past twelve months, there have been 12,513 units commenced, the highest in over 7 years.
All regions are taking part in this strong rebound with the strongest growth in recent months occurring in Dublin’s commuter counties (Mid-East) region.
According to Goodbody Stockbrokers, "While question marks remain around the exact number of house completions in Ireland, the conclusions are the same no matter which dataset is used. The Irish housebuilding industry is in a strong recovery phase that has a number of years to go to catch up with underlying demand."
Source: www.businessworld.ie
