From 93,000 new homes to 8,488: The housing boom plunge in numbers

The number of new homes being built has fallen to its lowest level in 40 years. Just 8,488 houses were finished last year - down nearly 2,000, or 20%, on the previous year.

The Construction Industry Federation is warning that number will fall even further this year.

At the building peak in 2006, 93,000 homes were built.

According to the latest CIF Housing Statistics Bulletin, the largest number of house completions during 2012 were in Dublin, Cork and Galway respectively.

The group said it was concerned about the impact of six years of decline on the country's housing stock.

The ESRI estimates that the country needs between 15,000 and 20,000 new homes to be built each year to keep up with demand.

Related Articles

More in this Section

Gardaí seize €430,000 worth of ecstasy and cocaine in Dublin

Major traffic diversions in Dublin city centre due to Luas works

Woman in her 50s killed after car crashes into field

Dublin sexual assault investigations continue after men released


Today's Stories

Appeal for help to find meteorite’s landing site

Anger over Ryanair child fee for mandatory reserved seat

Christmas balloon’s flight brings Norwegian family to Cork

Kerry Group donates 2.3-acre Denny site to revitalise Tralee

Lifestyle

Here are a few of Darina Allen's favourite offal recipes

Small town America really does exist, in Louisville, Colorado

Building a timber frame house versus the more typical, concrete block method

WATCH: Valerie O'Connor goes back to her roots in Co Limerick

More From The Irish Examiner