Planning, land and labour inefficiencies need to be addressed to satisfy housing demand

Commencement data shows up to 75,000 homes could be completed by the end of 2026

The latest data from the Department of Housing shows that there were 1,017 homes commenced during February of which 61% were apartments, 18% were one-off units, and 21% were scheme dwellings. File picture

Up to 75,000 homes could be delivered over the next two years, based on commencement data, but inefficiencies relating to land and labour need to be addressed, a new housing market report by the Banking and Payments Federation, Ireland (BPFI) has said.

There were just over 69,000 housing commencements during 2024 but at least half of these were started due to uncertainty over an extension of development levy waiver or water connection charge refund.