New dwelling completions up 19.1% in first three months of 2023

The variety of new dwellings accomplished within the first quarter of 2023 was up 19.1% year-on-year, in accordance with new figures from the Central Statistics Workplace (CSO).

The ‘New Dwelling Completions Q1 2023’ report reveals that there have been 6,716 new dwelling completions throughout January, February and March. This was up from 5,669 within the first quarter of final yr and from 3,923 in Q1 2021.

The CSO information additionally reveals housing completions over the previous 12 months rising above 30,000 items for the primary time because the 2000s.

For the primary quarter because the collection started in 2011, greater than a 3rd of completions (36.1%) have been residences. In complete 2,427 residences have been accomplished in Q1, up 41% from the identical interval of final yr.

Condo completions in Q1 2023 have been greater than double what they have been three years in the past (1,003 in Q1 2020) and over 5 instances greater than 5 years in the past (475 in Q1 2018) when 13.8% of completions have been residences.

An extra 46.1% have been scheme dwellings whereas 17.8% have been single dwellings.

There have been 3,092 scheme dwelling completions in Q1 2023, up 10.1% from Q1 2022, with 1,197 single dwellings accomplished, up 7.7% from Q1 2022.

Greater than a 3rd (37.6%) of completions in Q1 2023 have been in Dublin, with near a fifth (19.9%) within the Mid-East (Louth, Meath, Kildare, and Wicklow). Six of the eight areas of Eire noticed a rise in completions from Q1 2022 to Q1 2023, with small drops simply within the Midlands (Laois, Longford, Offaly, and Westmeath) and South-East (Carlow, Kilkenny, Waterford, and Wexford) areas.

The relative improve was best within the South-West (Cork Metropolis and County, and Kerry) at 37.3% and the West (Galway Metropolis and County, Mayo, and Roscommon) at 30.7%.  Greater than three-quarters (75.4%) of condominium completions this quarter have been in Dublin (1,830). Probably the most scheme completions have been within the Mid-East (926) with probably the most single completions within the West (210).

By Native Electoral Space (LEA), probably the most completions in Q1 2023 have been 332 in Rathfarnham-Templeogue, with the highest 10 LEAs all being in or near Dublin.

There has additionally been a rise of 4.9% in seasonally adjusted new dwelling completions from This fall 2022 to Q1 2023.