‘Q1 2023 Completions Highest Since Records Began‘
Housing for All contains a projected housing output of 29,000 new homes in 2023 and 33,450 in 2024. The latest new home completion figures for Q1 2023, published by the CSO show progress in reaching those targets.
CSO figures show 6,716 new homes were completed in the first three months of this year, representing a 19.1% increase on the same quarter in 2022.
“This is really strong progress from Housing For All and I’m delighted that the positive momentum that’s now behind Housing for All is continuing,” said Wicklow Senator Pat Casey.
There were 3,092 scheme dwelling completions in Q1 2023, up 10.1% from Q1 2022, with 1,197 single dwellings completed, up 7.7% from Q1 2022. Completions increased by 41.0% for apartments from 1,721 in Q1 2022 to 2,427 in Q1 2023.
Senator Casey said, “Housing targets were exceeded in 2022 and with the current progress for this year it looks likely targets will be hit again. It’s imperative Housing For All delivers for people across the country and Minister O’Brien’s plan is now bearing fruit. This is evident in the strong completion figures released by the CSO which show a nearly 20 per cent increase for quarter one of 2023 with over 6,500 homes completed.
‘Over 19,000 Social Homes at Various Stages of Construction‘
The latest commencement notice data show that 7,349 homes commenced on-site in the first three months of 2023. This is the highest Q1 commencement level of activity since records began in 2014.
There is also a strong pipeline of social and affordable housing, with over 19,000 social homes at various stages of construction and over 2,700 more affordable homes already approved for funding.
“These figures also pre-date the Government’s announcement to waive development levies and rebate Irish Water connection charges for the next 12 months. Both of these measures will encourage the commencement of thousands of new homes, from large-scale developments to rural one-off houses.
“This latest positive data precedes the recent moves by the Government to stimulate further housing supply by reducing the cost of construction and increasing the supply of derelict and vacant properties back into the market. Fianna Fáil is committed to solving the housing crisis and I’m looking forward to seeing the impacts of these positive measures in the months to come,” concluded Senator Casey.