Registrations, Commencements and Completions for the first six months of 2012…..
- 339 housing units were registered in the first six months of 2012, 23.3% less than the same period 2011. 59 units were registered in the month of June – of which the majority were in Cork, Dublin and Louth.
- 2,123 commencement notices were issued in the first six months of 2012, 77% of which were one-off / single builds. There was a noticeable spike in new commencements nationally during the month of June; especially in Dublin (145 units commenced – 105 in DLR) and Cork County (42 units commenced, 36 of which were one-off units).
- 3,929 housing units were completed during the first six months of 2012, of which 2,436 (62%) were one-off / single builds. 646 units were completed during the month of June.
Figures for H1 2012 indicate little upturn in residential construction activity and we can assume that output will remain in the region of 7,500 – 8,000 housing units by end 2012, which is significantly below estimated demand for new housing in the principle urban centres.
Reference: CIF, Canal Road, Dublin 6 www.cif.ie
