Record low for housing starts as completions plummet to 23,000

HOUSING starts continue to fall and have hit another record low in November.

“The annus horribilis for the Irish house building industry continued in November”, said Dermot O’Leary, chief economist, Goodbody Stockbrokers, in a review of the latest housing starts.

The previous low was reached in October, indicating that builders continue to cut back on new supply in response to the overhang of properties already available on the market.