Housing commencement notices rise to 2,237 homes in February

Building on 2,237 new homes began in February, according to commencement notice figures issued by the Department of Housing.

The 33,006 new homes notified to it since March of last year is the highest rolling 12-month total since comparable data on commencement notices was first collected in March 2014, the Department of Housing said, and the highest level of residential construction activity seen in the Irish market since the Celtic Tiger years.

On a year to date basis, the 2022 total of 4,188 housing starts compares to 1,906 in the same period last year, but comes in below the 2020 two-month figure of 4,470 before the pandemic struck.

Source: Real Estate Daily Report (realestatedailyreport.net)

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