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07/08/2012
31% Drop In New Homes Built This Year
The number of new homes constructed in the first half of 2012 has fallen by 31% for the same period of 2011, new figures from the Construction Industry Federation show.
Between January and July this year some 1,212 new housing units were commenced, compared with 1,751 in 2011.
The level of new house completions for the first five months of 2012 is also significantly down according to the figures.
Between January and May of this year 3,283 housing units were completed. This compares to 4,443 during the same period in 2011, which is a drop of 1,160 units or 26 per cent.
A total of 10,480 housing units were completed during 2011. Less than 8000 units will be completed this year the CIF has predicted.
(H)
Between January and July this year some 1,212 new housing units were commenced, compared with 1,751 in 2011.
The level of new house completions for the first five months of 2012 is also significantly down according to the figures.
Between January and May of this year 3,283 housing units were completed. This compares to 4,443 during the same period in 2011, which is a drop of 1,160 units or 26 per cent.
A total of 10,480 housing units were completed during 2011. Less than 8000 units will be completed this year the CIF has predicted.
(H)
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Ireland WeatherToday:Scattered showers of rain, sleet and, over hills, snow in the morning with sunny spells, the best of these in the south. The showers dying out this afternoon with increasing amounts of sunshine. Occasionally fresh westerly or northwesterly winds easing. Maximum temperature 6 °C.Tonight:Clear start with a fairly widespread frost developing. Increasing cloud brings occasionally heavy rain overnight, preceded, especially over western hills, briefly by snow. Occasional southeasterly gales, severe near coasts, developing. Minimum temperature -2 °C.
