Housing construction site in Meath : supply is increasing but is still well short of most estimates of what is required. The news from the Central Bank that the Government is on track to hit its target for home completions this year is welcome.some 35,000 homes will be completed this year, ahead of the target set in the Housing for All strategy of 34, 600, rising to 36,500 and 37,000 in 2025 and 2026.
These caveats – and the fact that the gains may have been partially achieved as a consequence of problems festering elsewhere in the economy-– are unlikely to stop the Government claiming its housing plans are finally coming good. The news on housing completions also disguises another significant change in the market, which is a rethink by the private investment funds who have driven much of the build-to-rent market over the last few years. They account for around one in five new builds.