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 Post subject: CSO - New dwelling completions
PostPosted: Thu Jun 14, 2018 12:27 pm 
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Under CAB Investigation

Joined: Apr 9, 2014
Posts: 2036
CSO issue new dwelling completion figures for Q1 2018 - 3,526

https://cso.ie/en/statistics/constructi ... mpletions/

For comparison the data set was back-captured to 2011

14.4k new dwelling built in 2017 - up 47% on 2016 and a massive 215% on 2014.

However 4,575 new dwellings in 2014 is a tiny number when compared to a national stock of 2m properties :)


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 Post subject: Re: CSO - New dwelling completions
PostPosted: Thu Jun 14, 2018 12:30 pm 
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Single Home Owner

Joined: Jan 6, 2012
Posts: 127
The CSO is credible in my eyes. I certainly see no reason to disbelieve the figures, although it will be interesting to see if anyone has legitimate criticisms over the next day or two.

Still far more homes need to be built every year of course. Apartments is the big lacuna at the moment. 2k built last year. Needs to be at a minimum 10k per annum to meet demand. Probably closer to 20k over the next decade realistically if the economy keeps growing well.


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 Post subject: Re: CSO - New dwelling completions
PostPosted: Thu Jun 14, 2018 2:41 pm 
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Real Estate Developer

Joined: Mar 17, 2008
Posts: 957
Comparing sales of new houses in the PPR with the figures there is a pretty good correlation, particularly if you allow for the time lag between completion and sale. The interesting thing is whether we see that 14.4k figure from 2017 come through this year. There were 1960 new homes sold in Q1 (and I think it's fair to assume that all the figures are in for Q1) compared to 1594 in Q1 last year - that's only a 20% increase compared to the increase of about 50% in the CSO figures. If you extrapolate to the year (assuming the same pattern of new sales) 9110/1594 * 1960 is 11201 or 23% more. It will be interesting to see how this goes.

Code:
Sales From PPR        CSO Completions
2013      3639      4575
2014      5286      5618
2015      6098      7219
2016      6665      9915
2017      9110      14446
2018*     3442      N/A
2018**    1960      3526


* Year so far
** Q1


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 Post subject: Re: CSO - New dwelling completions
PostPosted: Thu Jun 14, 2018 3:41 pm 
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Under CAB Investigation

Joined: Apr 9, 2014
Posts: 2036
Definitely a correlation but the growing buy to rent sector will skew the figures somewhat :)


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 Post subject: Re: CSO - New dwelling completions
PostPosted: Thu Jun 14, 2018 7:30 pm 
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Of Systemic Importance
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Joined: Aug 20, 2009
Posts: 5061
New Dwelling Completions Q1 2018

https://www.cso.ie/en/releasesandpublic ... 8/ndcq118/

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