CSO revealed the new dwelling completions figures for Q4 2022, showcasing a 45.2% increase on 2021, when 20,560 new dwellings were completed. Q4 2022 saw 9,148 new dwellings completed, the highest number of completions of any quarter since the data series began.
Housing for All, the Government's housing plan, had a target of 24,600 new homes in 2022.
Commenting on the figures, Housing Minister Darragh O'Brien said: "Today's figures shows supply is increasing and that we are going in the right direction. The Government has met and exceeded its overall housing target for the first year of Housing for All and it is encouraging to see the highest level of housing delivery in over a decade despite unforeseen challenges like high construction cost inflation due to the Russian invasion of Ukraine. Increasing supply is central to ensuring people can access affordable housing and that our housing market functions more effectively.
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"Whilst today's news is positive, the Government recognises that we need to continue ramping up supply and to meet even higher targets. That is why Government colleagues and I remain focused on delivering Housing for All, which contains the right mix of ambition, guaranteed funding, reform, new initiatives and stability of policy to support the delivery of private, social and affordable housing. We will continue to implement the plan whilst remaining open to introducing new measures where needed to address new and emerging challenges."
Housing for All contained a projected housing output of 24,600 homes in 2022. The 2023 projected output is 29,000.
