House building activity increased by more than 30% in 2016
A total of 5,626 residential units registered in year, says Construction Industry Federation
The majority of housing units registered last year were in Dublin. Photograph: Rui Vieira/PA Wire
House building activity increased by more than 30 per cent in 2016, according to the latest figures from the Construction Industry Federation (CIF).
A total of 5,626 residential units were registered to start construction in 2016, a 31 per cent increase on 2015.
The majority of housing units registered last year, or some 3,223 homes, were in Dublin, but house building activity is also strengthening elsewhere in Ireland, the federation said.
“All measures of house building activity and housing output show a strengthening trend as we begin 2017,” said CIF director general Tom Parlon.
“However, the planning environment and access to development finance will continue to be critical factors for all involved in the house building sector.”
Housing supply will remain “a key issue confronting industry and Government” throughout 2017, he said.
“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,” Mr Parlon added.
According to the CIF House Building Activity Report, a total of 11,320 residential units were commenced in the 11-month period January to November 2016.
This figure represents an increase of 46.5 per cent, or 3,593 units, on the total number of units commenced during the first 11 months of 2015.
Individual or one-off housing accounted for 36 per cent of total commencements.
Urban centres such as Cork and greater Dublin continue to experience the most concentrated levels of new housing supply with 1,419 and 6,209 new units commenced respectively last year.
A total of 13,376 residential units were completed in the 11-month period January to November 2016, which represents an 18.2 per cent increase in activity on the same period in 2015. The average monthly completion figure currently stands at 1,216 units.
In its last House Building Activity Report, the CIF estimated that circa 14,000 residential units would be completed by the end of 2016. But it said activity had increased near the tail end of the year and that the final figure would be closer to 14,500.