Government Misses Housing Targets as New Home Construction Declines

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Government Misses Housing Targets as New Home Construction Declines
HOUSING CRISISHOUSING TARGETSCONSTRUCTION DECLINE
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The Irish Government has fallen short of its target to build 33,000 homes in 2024, with new construction figures revealing a 6.7% decrease compared to the previous year. This missed target highlights ongoing challenges in addressing the country's housing crisis.

There has been a 6.7% decline in the number of homes built last year compared to 2023. This indicates that the Government has fallen short of its goal to construct 33,000 homes as outlined in the Housing for All plan. Data from the Central Statistics Office (CSO) reveal that a total of 30,300 homes were completed last year, down from 32,330 in 2023.The CSO's latest figures also show a 24% decrease in the number of apartments completed in 2024, reaching 8,763.

The number of single dwellings built stood at 5,367, representing a 2.2% decrease compared to 2023. Conversely, there was a 4.6% increase in the number of homes built within housing schemes, reaching 16,200.These figures contrast with assertions made by certain government politicians who had predicted an increase in construction. The CSO stated in a release: 'In 2024, 53.4% of completions were scheme dwellings, 28.9% were apartments, and 17.7% were single dwellings. More than half (54.3%) of completions for the full year of 2024 were in Dublin or the mid-east (Kildare, Louth, Meath, and Wicklow).' Furthermore, the CSO noted that completions in October, November, and December 2024 (8,732) declined by 14.5% compared to the fourth quarter of 2023.Last July, outgoing Taoiseach Simon Harris stated: 'This year, we will exceed our housing targets with almost 40,000 homes built. This includes the biggest social housing build since 1975.' Minister for Housing Darragh O'Brien told the Dáil last October: 'The target this year under Housing for All is 33,450. I have consistently said we will exceed that target. I still confidently predict - the Deputy and his colleagues in Sinn Féin will be disappointed - that it will be the high 30,000s to low 40,000s this year.' Sinn Féin's housing spokesperson, Eoin Ó Broin, countered that the Government's housing targets for last year were insufficient. He stated: 'Throughout 2024, the Taoiseach, Tánaiste and Minister for Housing said that 40,000 new homes would be built. They repeated this claim despite the CSO quarterly figures showing new home completions plummeting. The Government has not only missed their social and affordable housing targets but also their overall target. The reason for the sluggish output is that the Government has refused to make the necessary reforms to public and private housing delivery. If this continues in the new government, as is likely, then the housing crisis will continue to deepen,' he said.

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HOUSING CRISIS HOUSING TARGETS CONSTRUCTION DECLINE GOVERNMENT MISSES TARGETS IRELAND

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