House building activity improves slightly in May

At a reading of 45.4, housing activity posted a modest increase in May compared with 42.8 in April.

Housing output improved slightly in May as market demand increased and pressures on supply and prices eased somewhat, but remains in contraction territory, a leading monthly survey suggested.

The survey by BNP Paribas Real Estate Ireland showed that output expanded in the commercial part of construction, which includes offices and industrial buildings, and fell for civil engineering.