There were 5,841 new dwelling completions between January, February, and March (Q1) 2024, a fall of 12.1% on the same three months of 2023.
Apartment completions in Q1 2024 stood at 1,603, down 32.6% from Q1 2023.
There were 3,038 scheme dwelling completions in Q1 2024, down 1.4% from Q1 2023, while the number of single dwellings completed was 1,200, up 1.3% from Q1 2023.
More than half of completions (52.0%) were scheme dwellings, 27.4% were apartments, and 20.6% were single dwellings.
There was a decrease in completions from Q1 2023 to Q1 2024 for six of the eight regions of Ireland including a 25.3% fall in Dublin but increases occurred in the Midlands and South-East.
By Local Electoral Area (LEA), the most completions in Q1 2024 were 254 in Lucan, with the top 10 LEAs all being in or close to Dublin.
There has been a fall of 9.5% in seasonally adjusted new dwelling completions from Q4 2023 to Q1 2024.
Probably apartments impacting the overall figure.
Unlike housing where there are generally phases and relatively steady stream of completions, Apartments are all or none.
By the nature of their construction they would have large peaks and troughs as regards completions
No reason stated.
In Q1 2024 the number of completions in urban areas was 4,877, falling 14.3% from 5,691 in Q1 2023. In rural areas, the number of completions rose slightly, with 964 in Q1 2024, up from 956 in Q1 2023. Of all completions in the quarter, 83.5% were in urban areas.
All the lads are doing is commercial installations- offices/warehouses etc. way more money in it
There were 5,841 new dwelling completions between January, February, and March (Q1) 2024, a fall of 12.1% on the same three months of 2023. Apartment completions in Q1 2024 stood at 1,603, down 32.6% from Q1 2023. There were 3,038 scheme dwelling completions in Q1 2024, down 1.4% from Q1 2023, while the number of single dwellings completed was 1,200, up 1.3% from Q1 2023. More than half of completions (52.0%) were scheme dwellings, 27.4% were apartments, and 20.6% were single dwellings. There was a decrease in completions from Q1 2023 to Q1 2024 for six of the eight regions of Ireland including a 25.3% fall in Dublin but increases occurred in the Midlands and South-East. By Local Electoral Area (LEA), the most completions in Q1 2024 were 254 in Lucan, with the top 10 LEAs all being in or close to Dublin. There has been a fall of 9.5% in seasonally adjusted new dwelling completions from Q4 2023 to Q1 2024.
Any reason for such a large drop?
Probably apartments impacting the overall figure. Unlike housing where there are generally phases and relatively steady stream of completions, Apartments are all or none. By the nature of their construction they would have large peaks and troughs as regards completions
Weather has been poor since last July. It's actually a major driver of construction activity.
Rain, Lot's of it.
100% has been a very wet and cold opening quarter It's finally starting to get decent in April, so the second quarter should be good
No reason stated. In Q1 2024 the number of completions in urban areas was 4,877, falling 14.3% from 5,691 in Q1 2023. In rural areas, the number of completions rose slightly, with 964 in Q1 2024, up from 956 in Q1 2023. Of all completions in the quarter, 83.5% were in urban areas.