Housing targets in 'significant trouble' with 16% contraction in home building 

While the value of construction rose between Q3  2019 and the same third quarter of 2022, the volume of output dropped by 12.3% in the same period. Stock picture

Ireland's housing targets for 2023 and 2024 are "in significant trouble" it has been warned, after CSO figures showed a 16.2% contraction in residential building activity from July to September.

The CSO published the Production in Building and Construction Index for the third quarter of 2022, which shows that residential activity is down, as is non-residential which has dropped by 2.8% when compared to the second quarter of the year.