Annual building and construction volumes fall by 6.3%

Figures come just one week after it was found Ireland's top ten housebuilders accounted for just a third of all house-building starts last year

The volume of civil engineering rose by 2.4% on a quarterly basis, with adjusted values for all buildings and construction down by 0.4% in the same period and by 3.6% on an annual basis. Photo credit: Yui Mok/PA Wire

Construction and building volumes fell for a third consecutive quarter at the end of 2023, dropping by 0.7% in the three months to December, new figures from the Central Statistics Office (CSO) reveal.

Latest figures show construction volumes fell by 6.3% in 2023 as the lack of scale of Irish housebuilders remains a major barrier to government housing targets.