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

Change to current border arrangements will have 'adverse effect' on business

Gardaí to consider industrial action if hit with pay freeze

Calorie and alcohol content labels launched by Diageo

Taoiseach criticised for speaking on Scotland's behalf at EU summit


You might also like

Today's Stories

Coroner warns over dogs on boats

Parents of ten-week-old baby who died 24 years ago seeking answers, inquest hears

Review of controversial merger plan for Cork city and county councils

Model avoids jail after assault on ex’s new partner

Lifestyle

10 great ideas to keep your kids occupied for the summer

The working parents' guide to surviving the school holidays

West Cork Chamber Music festival will be treated to demonstrations by instrument makers

More From The Irish Examiner