New Homes figures released from Construction Information Services

According to figures released from Construction Information Services (CIS) in April, Covid-19 has halted the building of almost 60,000 new homes in various stages of commencement or construction across the island of Ireland.  In Dublin alone, up to 183 sites downed tools while work across the Republic stopped on 33,000 new houses and 17,000 apartments. That said, construction workers, including builders, roofers, and landscapers, have been one of the first groups allowed back to work in the first phase of the restarting the economy, which gets underway this month (May) and already some sites have reopened.

However, the Construction Industry Federation (CIF) has warned that the new COVID-19-busting measures that will have to be adapted will inevitably increase costs and slow projects. And with social housing, civil engineering, as well as projects for the multinationals earmarked as the first activities to be restarted, it may still be a while before work on residential properties is picked up again.

The country was already lagging on the Central Bank’s summation that 34,000 new homes per annum are needed in the Republic for the next 10 years to meet demands of the growing market. Now this current interruption will set the State back even more, leaving it with a longer road out of the current housing crisis.

Regards, 
The McPeake Team.......
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