Homebuilding was up 4.4% between July and September when compared to the same period of 2023, according to the latest data from the Central Statistics Office.
Their latest report for Q3 2024 shows that 21,634 new homes have been delivered in the first nine months of the year – down 3.1% from the 22,325 new homes built in the same period of last year.
This is some way of the Government’s target of 50,500 home as year up until 2030 – a target raised just last month.
The plan envisages 303,000 homes being built between 2025 and 2030. Coalition leaders agreed to a 41,000 target for next year, rising to 43,000 in 2026; 48,000 in 2027; 53,000 in 2028; 58,000 in 2029; and 60,000 in 2030.
The CSO’s building and construction index shows production volume overall, which includes the non-residential and civil engineering sectors, grew by 4.5% in the third quarter compared with the same period last year.
Production in the non-residential sector was up 5.7%, while it was up 0.8% in the civil engineering sector.
The data show that while production in the residential sector was up on an annual basis in the third quarter, it had slowed by 4.1% on the previous three months.
It has been estimated that up to €20 billion will be required to deliver the Government’s new homebuilding target.
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