New data shows homebuilding levels continue to decline for second consecutive month

Recent figures reveal that homebuilding levels in Ireland have decreased for the second consecutive month as of June. This downturn poses challenges for the construction industry and highlights ongoing concerns over housing availability in the country. The slowdown in homebuilding activity is primarily attributed to rising costs and supply chain disruptions that have been affecting the industry. The decline in construction output follows a period of rapid expansion, emphasizing the volatile nature of the housing market. Industry experts urge that this trend needs to be addressed to meet the growing demand for housing and prevent further escalation of the housing crisis. Policy-makers and developers are called upon to implement strategic measures to stabilize the situation and support sustainable growth in the homebuilding sector.

The Irish Times