Housing completions will hit 40,000 this year and rise to 47,000 by 2028.
That’s according to the latest projections from EY Ireland for Euroconstruct.
Their latest report found that housing completions in Ireland rose to 36,284 units last year, a 20.4% increase on 2024 and the highest output since 2011.
However, the report warned that sustaining that growth “will depend on maintaining momentum” across planning reform, construction capacity and managing construction inflation.
Euroconstruct — an independent construction market forecasting network active in 19 European countries – predicts that housing completions will hit 40,000 this year, 43,000 next year before rising to 47,000 in 2028.
The Government is targeting 300,000 homes between 2025 and 2030.
The EY report found overall construction output in Ireland increased by 11.7% in 2025, with expected further growth of 5.3% in 2026, 5.8% in 2027 and 6.2% in 2028. EY said across the Euroconstruct region, construction output is forecast to grow by 2.0% in 2026.
EY Ireland partner and the Irish member of the Euroconstruct network Simon MacAllister said Irish construction activity was on a “very positive trajectory”, but key challenges remain to sustained delivery.
“The sector must continue to convert permissions and commencements into completed homes, and that will depend heavily on the timely delivery of enabling infrastructure, particularly water, energy and transport.
“While Ireland’s construction market is performing strongly relative to many European peers, the sustainability of this growth will depend on maintaining momentum across planning reform, infrastructure activation, apartment viability and construction capacity, as well as managing any construction inflation which may emerge as a result from the conflict in the Middle East.”
EY said infrastructure investment was critical to sustaining growth momentum which is also expected to play a central role in supporting housing delivery and broader economic growth.
Output in this segment is forecast to grow by 1.2% in 2026 before accelerating to 6.4% in 2027 and 5.7% in 2028, reflecting continued investment in transport, energy and water infrastructure.
The outlook for the non-residential construction sector, however, remains mixed, according to the report.
New non-residential output is estimated to have increased by 6.8% in 2025, but growth is expected to slow to 0.7% in 2026, 3.8% in 2027, and 3.7% in 2028, “reflecting continued softness in office development, partially offset by more stable activity across other non-residential segment”.
The report added: “Other segments, including education, health, industry and storage, are expected to record more moderate growth over the medium term.”
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