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News : Irish Last Updated: Dec 19th, 2007 - 13:17:15


Irish housing output surges by 23.6% in first 7 months of 2006; 51,752 Irish houses and apartments were built
By Finfacts Team
Aug 23, 2006, 14:19

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The average price paid for a house in Dublin and outside Dublin in July 2006 was €408,959 and €262,142 respectively. The equivalent prices at the start of 2006 were €368,576 and €240,201. On Tuesday, the PermanentTSB/ESRI index also showed that The index also reveals that over the last twelve months (i.e.: from July 2005 to July 2006 inclusive) the growth in national prices was 15.4%.  This was up on the rate of growth to June ‘06 (15.2%) and more than twice that recorded in the twelve months to July 2005 (6.2%).

Noel Ahern, T.D., Minister of State for Housing and Urban Renewal, today released house completions for the first 7 months of 2006.

Ahern confirmed that in the first seven months of 2006, 51,752 houses and apartments were completed nationally up 23.6% on the corresponding period in 2005. Dublin at 10,869 units and the Greater Dublin Area at 16,982 units are up 13.5% and 17.6% respectively on the corresponding period in 2005.

"At this stage, it is likely that the number of new houses completed during the course of this year will exceed all previous records," stated Minister Ahern. "The Government's focus is to maintain the high levels of housing supply with targeted policies aimed at increasing the provision of both social and affordable housing," Minister Ahern stated.

The leading indicators of housing construction also show positive trends with new House Registrations growing strongly over the last year and reporting record levels with 42,300 units registered for the first 7 months - an increase of 16.9% on the number registered in the same period in 2005.

Some 41,000 new houses were also started during the first 6 months of 2006 – a 2.5% increase on the first half of 2005, and 8% above the number of units started in the second half of 2005.

Table 1 shows first 7 months house completions by county, while Table 2 shows the number of house completions over the last thirteen years and the first 7 months of 2006.  Table 3 shows the total number of new house starts for the first 6 months of 2006 and Table 4 outlines the number of new houses registered with Homebond and Premier Guarantee up to 31 July 2006.

 Table 1:  Total House Completions:

Seven months 2006 compared with first seven months 2005 

County 7 months 2005 7 months 2006 % change
Carlow 557 700 25.7%
Cavan 1,120 1,572 40.4%
Clare 1,007 1,647 63.6%
Cork 4,811 4,953 3.0%
Donegal 1,869 2,448 31.0%
Dublin 9,579 10,869 13.5%
Galway 2,339 3,247 38.8%
Kerry 1,552 2,032 30.9%
Kildare 1,689 2,802 65.9%
Kilkenny 642 873 36.0%
Laois 886 1,223 38.0%
Leitrim 475 944 98.7%
Limerick 1,686 1,452 -13.9%
Longford 487 665 36.6%
Louth 1,011 1,222 20.9%
Mayo 1,297 1,705 31.5%
Meath 1,928 2,230 15.7%
Monaghan 377 830 120.2%
Offaly 620 802 29.4%
Roscommon 668 1,194 78.7%
Sligo 585 1,241 112.1%
Tipperary 1,489 1,556 4.5%
Waterford 1,046 1,354 29.4%
Westmeath 884 940 6.3%
Wexford 1,811 1,970 8.8%
Wicklow 1,248 1,081 -13.4%
Conversions 200 200 0.0%
TOTAL 41,863 51,752 23.6%
Note: House completions data series are based on the number of new dwellings connected by ESB Networks to the electricity supply and may not accord precisely with local authority boundaries. These represent the number of homes completed and available, and do not reflect any work-in progress. ESB Networks have indicated that there was a higher backlog in work-in-progress in 2005 than usual (estimated as being in the region of 5,000 units). This backlog was cleared through the connection of an additional 2,000 houses in Quarter 1 2006 and 3,000 houses in Quarter 2 2006.

Table 2 Number of House Completions by Year 

1993 21,391
1994 26,863
1995 30,575
1996 33,725
1997 38,842
1998 42,349
1999 46,512
2000 49,812
2001 52,602
2002 57,695
2003 68,819
2004 76,954
2005 80,957
7 months 2006 51,752
Note: House completions data series are based on the number of new dwellings connected by ESB Networks to the electricity supply and may not accord precisely with local authority boundaries. These represent the number of homes completed and available, and do not reflect any work-in progress. ESB Networks have indicated that there was a higher backlog in work-in-progress in 2005 than usual (estimated as being in the region of 5,000 units). This backlog was cleared through the connection of an additional 2,000 houses in Quarter 1 2006 and 3,000 houses in Quarter 2 2006.
   

      Table 3 New Commencements Notices:

Six months 2006 compared with first six months 2005 

County 6 months 2005 6 months 2006 % change
Carlow 306 540 76.5%
Cavan 1,175 1,230 4.7%
Clare 1,278 851 -33.4%
Cork 4,470 4,423 -1.1%
Donegal 1,992 1,964 -1.4%
Dublin 7,919 8,371 5.7%
Galway 2,018 1,924 -4.7%
Kerry 1,539 1,339 -13.0%
Kildare 1,439 2,285 58.8%
Kilkenny 1,562 1,383 -11.5%
Laois 867 1,851 113.5%
Leitrim 637 435 -31.7%
Limerick 1,528 1,409 -7.8%
Longford 386 609 57.8%
Louth 967 909 -6.0%
Mayo 1,323 1,399 5.7%
Meath 842 601 -28.6%
Monaghan 444 543 22.3%
Offaly 585 1,091 86.5%
Roscommon 1,116 883 -20.9%
Sligo 1,117 892 -20.1%
Tipperary 1,450 1,355 -6.6%
Waterford 1,178 1,006 -14.6%
Westmeath 796 787 -1.1%
Wexford 1,856 1,795 -3.3%
Wicklow 1,014 941 -7.2%
TOTAL 39,804 40,816 2.5%
Note:- Data has been collected on a monthly basis from Residential Commencement Notices, received by all of the 37 Building Control Authorities. 

Table 4 New House Guarantee Registrations:

Seven months 2006 compared with first seven months 2005 

County 7 months 2005 7 months 2006 % change
Carlow 736 544 -26.1%
Cavan 602 808 34.2%
Clare 862 1,287 49.3%
Cork 3,865 4,886 26.4%
Donegal 501 881 75.8%
Dublin 9,003 11,604 28.9%
Galway 1,249 2,193 75.6%
Kerry 1,038 1,027 -1.1%
Kildare 2,405 2,444 1.6%
Kilkenny 1,174 1,016 -13.5%
Laois 1,224 1,175 -4.0%
Leitrim 472 473 0.2%
Limerick 1,459 1,370 -6.1%
Longford 303 1,050 246.5%
Louth 885 494 -44.2%
Mayo 800 879  
Meath 2,213 1,699 -23.2%
Monaghan 255 431 69.0%
Offaly 621 746 20.1%
Roscommon 782 597 -23.7%
Sligo 725 885 22.1%
Tipperary 1,177 1,457 23.8%
Waterford 1,117 860 -23.0%
Westmeath 583 866 48.5%
Wexford 1,227 1,705 39.0%
Wicklow 907 922 1.7%
TOTAL 36,185 42,299 16.9%

Note:- Data includes HomeBond  Registrations and Premier Guarantee Registrations


© Copyright 2007 by Finfacts.com

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