Housing growing strongly but..

Steady growth in the housing sector

But figures released suggest we are behind what was expected of the Irish housing market.

House building remains substantially below official estimates, but there was significant growth during September, according to an analysis by Goodbody.

The Goodbody BER Housebuilding Tracker, which is based on building energy ratings, was formed following increasing doubts about the accuracy of official statistics.

“Our analysis suggests that these doubts are well-founded in terms of the level of activity at this point, but there is exceptionally strong growth now in train,” noted Goodbody’s latest report.

It said there were 1,049 residential units completed in September 2017, which represents 86 per cent year-on-year growth. It was the first month in the series, dating back to January 2013, where the level of completions exceeded 1,000 units.

In the year to date, 6,447 units have been completed, which represents a year-on-year increase of 78 per cent.

Reference The Irish Times  Date: Thu, Oct 26, 2017, 08:27