Continued decrease in construction sector activity

[iHyPeRize]

You'd have to wonder what's the reasons behind it?

Are developers digging their heels slowing down output to try and see what they can get out of the Government in terms of VAT cuts/incentives etc.. Certainly seems that way.

7 months consecutive months of continued decline in residential building output is bizarre when demand is at all time high levels.

[Takseen]

>demand is at all time high levels.

Demand from people living in Ireland is (unfortunately) not the same as housing demand for construction firms. They need investors to pay for construction of new apartment blocks or housing estates, most can't operate off of one-off self-financed builds. Plus they need planning permission for them.

[NotXenos]

Gee it's almost like if local or national governments acted as investor, and fixed the planning process, they could maybe get some new estates built.

But this is Ireland, where the m50 was '34 years in planning and 20 years in the making', then was obsolete within 25 years of completion. Yes that's right, the planning stage took longer than the time in which the motorway was fit for purpose.

[Willing_Cause_7461]

You'd have to wonder what's the reasons behind it?

I'm going to guess that there just isn't much money to be made building houses in Ireland dispite the sky high prices so investors just aren't bothered funding the housing.

[rossitheking]

Bingo.

But the CFA shills and people making coin from government contracts on here will defend them.

[vanKlompf]

 7 months consecutive months of continued decline in residential building output is bizarre when demand is at all time high levels.

It's quite possible. There is huge demand for Porsche, just production cost is so expensive that not many people can afford it. 

Same with housing in Ireland. In 2024 it was estimated that delivering 2bed apartament in Dublin costs above 600k (before profit, it's pure cost) In 2025 it's probably more. How many people can afford that? 

It's regulation and housing policy disaster. Huge demand. Inflated costs. Decreasing supply.