Cairn Homes sees housing output and revenues surge

Builder has launched a new €50m share buyback scheme

CITY APARTMENTS FEATURE 2026. Former CMP Dairy site on Kinsale Road/ Tramore Road, Cork. Creamfields development by CAIRN at Ballyphehane, Cork City. City Apartments Feature 2026. Picture: Larry Cummins

Cairn Homes saw revenues surge by 60% to €455.5m in the first half of the year.

One of the country's largest house builders, Cairn has a record forward order book of 5,020 new homes worth €1.89bn and is forecasting profitable growth throughout the remainder of 2026 and into 2027. 

The builder has today announced a new €50m share buyback programme and is increasing its interim dividend by 10% to 4.5 cent per share. It is also upgrading its full-year ROE to 17%.

Michael Stanley, CEO, said Cairn has delivered a 60% increase in housing output in the first six months compared to the same period in 2025.

"Cairn will continue to make a major contribution to Ireland’s housing needs. Today our sales and forward order book stands at over 5,000 new homes (€1.89bn) across 30 active developments nationwide. Despite an inflationary environment, our average selling price (€393,000 excl. VAT) has increased by only 1.6% compared to the same period last year," he said.

The builder also said it has expanded its land pipeline to approximately 6,500 units and transferred 400 units into their landbank on deferred payment terms.

The company said approximately 6,000 new homes are expected to be delivered between this year and next (3,200 new homes in 2027).