The Irish Government has welcomed the completion of 22,443 homes in the first nine months of 2023.

The record number is a eight point nine per cent increase on the same period in 2022 and the highest number recorded for the first three quarters in any year since the Central Statistics Office (CSO) data series began in 2011.

CSO latest figures show that 8,452 new homes have been completed in Quarter Three of this year, which is an increase of 14.4 per cent on the same three months of 2022.

The figures also show that apartment completions rose by 47.3 per cent in the 12 months to Quarter Three in 2023. In Dublin there was a 36.7 per cent rise in completion, with significant rises also being seen in the Midlands (25.9 per cent), Border (14.9 per cent) and Mid-West (13.8 per cent) regions.

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These figures suggest that Ireland is on track to achieving its housing target for 2023 which is 29,00 new homes.

The Minister for Housing, Local Government and Heritage, Darragh O'Brien, said: "Supply is central to dealing with all the key challenges in housing. All the key indicators are trending upwards. The number of planning permissions for the first nine months of this year were up. In the same period, the number of new build homes commenced was almost 24,000 homes - a 14.3% increase on the same period last year. And now, today's CSO figures on completions show supply is increasing and that we are going in the right direction.

"All of this momentum is welcome but we are not complacent. I have always said that there is no one single magic bullet to solve the housing crisis but rather a variety of complementary initiatives and reforms. Whether it’s planning reforms, new supports for prospective home buyers, cost rental and other initiatives for tenants or incentives to encourage more construction, this Government is leaving no stone unturned to deliver on our targets under Housing for All."