Housing starts disappoint again with fewer than 1,800 new units

New housing starts have again disappointed with fewer than 1,800 units having been started in the last three months of last year, according to business group Property Industry Ireland.

Its latest ‘property watch’ report found that 8,000 new homes were built in the whole of 2015.

That is well short of the annual average of 23,000 new homes that many experts say need to be built, if the supply of new units is to come anywhere close to meeting demand.