19% Increase in New Homes Available

Posted May 24th, 2019

I welcome the CSO Quarter 1 2019 New Dwellings Completion Report, which confirms a strong upward trend across all housing construction activity. While it is important to continue our efforts to ensure that this trend is maintained and even further improved, it is encouraging to see these results. In order to properly address homelessness, affordability and the challenges in housing, we need to fix supply. These numbers show that this is happening.

The numbers of new homes becoming available for use in the twelve months to end March 2019 was 22,242. This is a 19% increase when compared to the twelve months ending March 2018 (18,766), which is a very positive endorsement of all the work that is being done to ensure that our housing supply is increasing.

Of those new homes available for use, the number of brand new dwelling completions added to the housing stock in the year to end March 2019 was 18,828 up by 25% compared to the year to end March 2018 (15,091).

For further details, go here.