Construction slowdown sharpens despite commercial gains

Ireland’s construction activity has fallen at its fastest pace in nearly 18 months, driven by ongoing housing project declines amid economic uncertainty. While commercial builds have remained resilient, with office developments maintaining growth for the fifth month, housing targets look increasingly unachievable. The government’s goal of 41,000 new homes this year is already under threat, with the Central Bank revising delivery forecasts down to 32,500 units. Policy changes are on the table, including smaller minimum apartment sizes and looser one-bedroom caps, aiming to cut unit costs by up to €100,000 and attract private sector investment back to apartment developments. Despite a slight rise in employment and new orders, overall sector performance remains muted, raising questions about the sustainability of Ireland’s residential construction pipeline.

Read the full article for deeper insights into policy shifts shaping future builds.