CSO figures point to big uptick in residential construction despite higher costs via IrishTimesBiz
New home completions in the final quarter of last year totalled 9,148, a rise of over 31 per cent on the same period in 2021.
There were 15,163 scheme dwelling completions in 2022, up 42 per cent from 2021, while 5,522 single dwellings were completed, a rise of almost 17 per cent. A geographical breakdown of the figures shows almost 60 per cent of completions in 2022 were in Dublin or the Mid-East . However, the CSO noted that all regions saw an increase from 2021 to 2022. On the basis of local electoral area, the most completions in 2022 were in the Killiney-Shankhill area of south Dublin.
“Today’s figures shows supply is increasing and that we are going in the right direction. The Government has met and exceeded its overall housing target for the first year of Housing for All and it is encouraging to see the highest level of housing delivery in over a decade despite unforeseen challenges like high construction cost inflation due to the Russian invasion of Ukraine,” Mr O’Brien said.
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