Quarterly Report shows house building increased by over 30% last year
House building activity increased by over 30% in 2016 according to the latest figures from the Construction Industry Federation (CIF).
Tom Parlon, Director General CIF said: “All measures of house building activity and housing output show a strengthening trend as we begin 2017. However, the planning environment and access to development finance will continue to be critical factors for all involved in the house building sector. 2017 will see housing supply remain as a key issue confronting industry and Government. A number of measures have been put in place that will help generate supply but pockets of the industry, particularly in the regions, can secure sources of finance to make building viable again. This could potentially have a negative effect on regional growth and undermine job creation and spatial strategies such as the National Planning Framework. Measures must be taken to provide finance to regional housebuilders in tandem with the recent measures taken at national level such as the local infrastructure fund and the help to buy initiative.”
A total of 5,626 residential units were registered in 2016, which represents a significant increase (30.9%) on house building activity carried out in 2015.
Dublin saw the majority of housing units registered last year with a total of 3,223 homes built, but house building activity across the country is also strengthening.