Increase housing project activity sparks confidence in workload

Almost 90% of building firms now expect to be as busy or busier in one year’s time, compared with 81% feeling that way some nine months ago

Despite the pause in overall growth, work on housing and commercial projects expanded for the third month running. Picture: Larry Cummins

Increased activity in the housing and commercial construction sectors were reported last month, with builders and developers expressing confidence of expanded work for the year ahead.

The BNP Paribas Real Estate Ireland Construction Index — the body which monitors activity in the sector — dipped below the 50.0 no-change mark in May.