A return to a 'normal' housing market is still some way off

New house building activity continues to increase. CSO data on new dwelling completions show they rose by 23% in year-on-year terms in the first quarter of the year. This followed a 25% increase in 2018.

On the current trajectory, completions should rise to over 22,000 units in 2019, up from 18,000 last year.