Willie O'Dea
Question:128. Deputy Willie O'Dea asked the Minister for Housing, Local Government and Heritage his response to the new home completions figures for Q1 2023; and if he will make a statement on the matter. [23067/23]
View answerThursday, 18 May 2023
Questions (128)
Written answers
Figures released by the Central Statistics Office (CSO) in the ‘New Dwelling Completions’ series show 6,716 new homes were added to the national housing stock in Q1 2023. This is an increase of 19% on Q1 2022, when 5,669 new homes were completed, and the highest number of Q1 completions recorded since the series began in 2011. The rolling 12-month total of 30,898 completions has surpassed 30,000 for the first time since 2009.
These figures come on the back of positive recent Commencement Notices data, with record numbers for March (since the series began in 2014), with 3,244 homes commenced; record numbers for Q1, whilst 3 of the last 5 months have had record figures for those calendar months.
Supply is key to improving our housing market and this continues to increase. Increased supply will help moderate residential price inflation, increase access to affordable housing, and assist those aspiring to home-ownership to achieve this goal.
More homes were completed in 2022 than in any full year in the last decade and Government is focused on maintaining and building on this substantial uplift in delivery in 2023 and beyond. I am optimistic we will meet the Housing for All target of 29,000 this year.