Momentum behind new home completion dips, CSO figures show

Meanwhile, a Purchasing Managers Index by BNP Paribas said supply chain delays were slightly worse in June than in the May.

ESRI researchers in the past estimated that 30,000 to 35,000 new homes a year were required to start meeting demand and help to keep house price and rental inflation in check.

The momentum behind new dwelling completions has slowed in the June quarter compared the same quarter a year ago, according to new Central Statistics Office (CSO) figures.

There were 7,353 new homes completed in Q2, a 3.5% drop on the same period a year ago.