Housing starts surge to almost 18,000 in April

Housing commencements, the strongest indicator of future supply, surged to almost 18,000 in April, a post-crash record, according to Goodbody Stockbrokers.

“All regions of the country have seen between a doubling and quadrupling of housing starts this year,” Goodybody chief economist Dermot O’Leary said.‘I lost €1,000 in cash on the way to the bank to lodge it. Someone in Dún Laoghaire had a big win that day’In April last year the Government introduced a temporary development contributions waiver and the refunding of Uisce Éireann water and waste water connection charges in a bid to reduce housing costs and boost supply.

The brokerage said took total housing starts for the 12 months to April to 52,500, comprising 25,000 scheme units, 22,000 apartments and 6,000 one-off units.

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