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Housing Construction – Highland Radio Interview with Danny

By | Industry News

Donegal Housing Construction Sector Discussed

In this interview with Highland Radio recorded earlier this week CEO Danny O’Shea discusses the latest figures from the National Housing Construction Index and reveals that sentiment in the Donegal construction sector in remains positive as planning applications rose by 35% in the first six months of 2015 when compared to same period in 2014. Highland Radio Housing Construction Interview However, Danny does point to the fact that despite the positive outlook, there has been a drop in activity in the housing construction sector in Donegal with project commencements down by 54% in the first half of this year but this is largely due to the change in regulations at the beginning of 2014 which resulted in an over inflation of commencements during that period.

Residential Construction News

By | Industry News

Extensive national and local media coverage of the latest Volume of the ‘National Housing Construction Index’ which tracks activity in the Residential Construction sector.

National Housing Construction Index Vol. 20

 Irish Examiner

51% fall in house building from 2014

 Independent Residential Construction News

 Residential house building falls by 50pc

 Irish Times Construction News

CBRE figures show prime office rents in Dublin up 25%Residential house building falls by 50pc

 RTE News

Building activity slowing down – housing construction index

 TV3 Residential Construction News

 TV3 interview with CEO Danny O’Shea

 Business & Leadership

 Positive sentiment in house building despite commencement drop of 51pc – index

Galway Bay FM – Planning applications in Galway have increased by almost a quarter

Business World – Residential Construction Sector Falls Sharply Compared to 2014

LMFM – Louth has one of the Highest Hikes in Planning Applications

Shannonside – Leitrim records highest increase in planning applications so far this year

Connacht Tribune – Planning applications in Galway have increased by almost a quarter

BreakingNews.ie – New-builds down 51% year-on-year, but overall trend ‘positive’

Kildare FM – 12% Increase in No. Of Planning Applications Lodged In Kildare

Irish Building Magazine – Activity in residential construction sector fell sharply compared to 2014

Galway Independent – Sharp drop in new house builds

Donegal Democrat – Fall in building activity in Donegal

Limerick Post – Construction sector falls in Limerick

 

National Housing Construction Index Vol. 20 – Jan to Apr 2015

By | Industry News

Activity in residential construction sector falls sharply compared to 2014 but sentiment remains positive – Link2Plans

Download Here Free – NHCI Vol. 20

Figures from the National Housing Construction Index for the first four months of 2015 show a sharp fall in activity in the Irish residential construction sector when compared to 2014 but sentiment continues to remain positive. The latest edition of the National Housing Construction Index from Link2Plans reveals that commencements have fallen by -51% in the first four months of 2015 when compared to the same period in 2014, while planning applications have risen by +18% nationally year on year.

The data contained in the National Housing Construction Index is aggregated by consultancy Link2Plans from real time planning and project information in every local authority area, with the latest edition of the National Housing Construction Index tracking every project from January through to April 2015, and comparing it with the same period in 2014.

Residential Construction Applications

Average number of weeks from planning application to commencement

Danny O’Shea Managing Director of Link2Plans said “Research from Link2Plans shows that from a national perspective, 142 weeks was the average period of time it took for residential developments to get from the planning application stage to commencement of work on site. For one off houses, our research shows that in the first four months of 2015, the process from planning application to starting work took 61 weeks.”

According to Danny O’Shea Managing Director of Link2Plans “Nationally, commencements were down -51% when compared to the first four months of 2014, with every county recording a fall. This continues the trend from the beginning of 2015 with commencements falling dramatically. Project applications however maintained strong double digit growth in 23 counties when compared to the first four months of 2014.”

Residential Construction Commencements

“Link2Plans considers the first half of 2014 to be very much an outlier in terms of construction activity on account of the structural changes in the market, which saw the introduction of new buildings regulations on 1st March 2014. These one off changes in the sector created a major injection in construction activity for that period. When compared to previous years’ such as 2013, we do see growth in the construction sector, with the first four months of 2015 showing an increase of +11% when compared to the same period in 2013. When these figures are combined with the strong growth in planning applications, which have recorded increases for the past 18 months, the forecast for medium term remains positive.” continued Danny O’Shea Managing Director of Link2Plans.

Danny O’Shea Managing Director of Link2Plans said that “across the country, in the first four months of 2015 the number of residential project commencements fell by 1744 from 3472 to 1698 when compared with the same period in 2014, with the smallest year on year decreases taking place in Waterford (-13%), Dublin (-22%), Cavan (-34%), Carlow (-36%) and Wicklow (-37%).”

Applications up +18% nationally as Leitrim, Louth and Laois record biggest gains

Leitrim, Louth and Laois were the best performing counties for the first four months of 2015 when compared to 2014, recording growth of +64%, +61% and +51% respectively. Cavan (+52%), Sligo (+51%), Kerry (+51%) and Meath (+48%) also returned significant increases while, planning applications were down in only two counties, Limerick (-3%) and Dublin (-1%).

Danny O’Shea Managing Director of Link2Plans said “the number of planning applications in the first four months of 2015 increased by 713 from 3889 to 4602, representing an increase of +18% nationally year on year. This is evidence of the positive sentiment in the residential construction sector, with nearly every county in country seeing an increase in the number of planning applications when compared to the same period in 2014.”

The National Housing Construction Index is produced by a team of researchers at Link2Plans and it relates to all Planning Applications and Project Commencements throughout the months of January to April 2015 and gives a direct comparison with the same period in 2011, 2012, 2013 and 2014.

Link2Plans have produced this index bi-monthly and it has been the most accurate barometer of real time sentiment (planning applications) and actual residential construction activity (project commencements) including residential developments (multi units), one-off housing (self-build) and one-off housing extensions.

Housing Construction – New Data Shows 15% Rise in House Prices

By | Industry News

House Prices in Ireland Rising 15% Higher than EU Average

Residential Construction Property Sales

An article in today’s Irish Independent illustrates the accelerated rate at which house prices in Ireland are increasing.  This comes off the back of the latest edition of the Link2Plans National Housing Construction Index which shows a decrease in housing construction commencements for the first 3 months of 2015.

Shortage of supply combined with more stringent lending rules issued by the central bank have contributed to the rise in prices with areas outside the capital now increasing at higher rate than within.

Research from Daft now shows that the average asking price is above €200,000.

For access to full details on all multi-unit housing construction schemes and visit the Building Information Ireland website and avail of our free 10 day trial.

Building Information Ireland publishes researches data on all housing construction projects as well as every other construction sector for the 32 counties.

Residential Construction Ireland

Residential Construction Projects – NHCI Vol. 19

By | Industry News

Published today the Link2Plans National Housing Construction Index Vol. 19 sets out the volumes of residential construction projects planning applications lodged, granted and commenced during the period 1st January – 28th Februay 2015.

The main findings of the latest index show an increase in new residential construction projects planning applications lodged but a fall in projects commenced as a result of the new building regulations introduced at the end of Q1 2014.

Residential Construction Projects Applications

 

According to Danny O’Shea, “Commencements are down in every county when compared to the same period last year with an overall national decrease of -62%, however as noted at the time by Link2Plans, 2014 was an exceptional year due to regulatory changes. The introduction of changes to the building regulations in March 2014 caused an unprecedented surge in commencements which was akin a one off stimulus boost. In fact, commencements for the first two months of the 2015 are up over 3% on the same period in 2013 which probably gives a more accurate picture of the steady but slow growth in the sector.”

Residential Construction Projects Commencements

The latest edition of the index is available free of charge on the Link2Plans website where you will find other useful information on past editions of the National Housing Construction Index as well as up-to-the-minute details on every Single Residential unit currently in planning, recently granted planning permission or scheduled for construction commencement.

Planned Residential Construction Projects on the Rise….

By | Industry News

…but commencements fall….

Construction Projects Ireland

In the latest edition of the Link2Plans National Housing Construction Index (NHCI) a 9% rise in new residential planning applications during the first 3 months of 2015 has been highlighted versus Quarter 1 2014 figures.  While this is good news in the medium to longer term for the Irish Construction sector the Link2Plans analysis highlights a short-term fall in residential construction projects commencements.

Overall applications for new residential construction projects increased year-on-year across 18 counties but saw a 4 percent fall in Co. Dublin further illustrating the shortage in housing supply across the capital.

Link2Plans Managing Director, Danny O’Shea, pointed to the impact of the introduction of new building regulations in April 2014 as a significant factor in the rush to lodge construction projects commencements early in 2014 and the the consequent knock-on effect of this in the first quarter of 2015 and pointed to the 3% rise when quarter 1 2015 is compared with quarter 1 2015 as a more accurate reflection of increased activity in the residential construction projects sector.

The Link2Plans NHCI has been referenced across all national media this morning including the Irish Times and the Journal.ie

Danny O’Shea is CEO of L2P Group which comprises Residential and Commercial Construction Projects research firms Link2Plans and Building Information Ireland.

Visit Link2Plans to download the latest edition of the National Housing Construction Index and to avail of a 10 day free trial to information on all commercial construction projects data visit Building Information Ireland.

Residential Construction Ireland

Plans to speed up Residential Construction

By | Industry News

Residential Construction Receives Boost

According to a recent Irish Independent interview with Minister for Housing & Planning, Paudie Coffey, local authorities across the country have been requested to process planning applications in the most time efficient manner possible.  This is in hope that construction activity can commence on many of these developments as quickly as possible.

Residential Construction Ireland

These comments coincided with the latest edition of the National Housing Construction Index (NHCI) which highlighted, that due to new building regulations introduced at the end of March 2014, residential construction commencements actually fell in subsequent months.

We all know that levels of supply are currently not meeting demand so it comes as a positive statement from the Minister that Government are to take a more direct approach to how local authorities deal with planning permissions.

“There will be a use it or lose it provision for all new planning permissions” according to the Minister.  Other initiatives by Government include

  • Reducing the duration of unused planning permissions
  • A 10% requirement for social housing units in new residential developments
  • A vacant site tax of 3% of the land value in areas with populations > 3000
  • Reduction in levies for undeveloped sites with planning permission

If implemented these initiatives may prove an important step to developing a sustainable residential construction sector.

Full details on all multi-unit residential construction projects – planned, granted and scheduled for commencement are available via the Building Information Ireland website.  A 10 day free trial is available.

Building Information Ireland research and publish details on all planned construction activity in all sectors across all 32 counties.

Commercial Construction Ireland

Positive Signs for Residential and Commercial Construction

By | Industry News

A recent article from the Sunday Business Post references research carried out by Link2Plans and looks ahead at the likely market scenarios from both the commercial and residential perspective during 2015. Link2Plans research is referenced and Managing Director Danny O’Shea gives his view on the residential sector during 2o14 and for the year ahead.

The outlook for the residential and commercial construction sectors during 2015 are positive following a strong finish to 2014.

Optimism for the construction sector is high with key developments in Dublin’s Dockland area and at Cherrywood Co. Dublin it is estimated that approx. €11bn in construction projects are earmarked for commencement in 2015. Boosting confidence even further are efforts by The National Assest Management Agency (Nama) to tackle the supply shortage in commercial and residential construction segments, with Dublin of particular focus. Industry commentators seem to indicate that Nama appear to be willing to divest themselves of loans and property assets at an accelerating rate during this year. Nama itself claims to be well on target to pay back the 80% of the €30.2 bn in senior debt issued to absorb bad loans by 2016. It now appears to be driving the construction of large scale office space and residential units within Dublin as it partners with investors and developers.

By the end of 2016 Nama plans to deliver 4,500 new residential units in Dublin across existing shovel ready sites – 1,500 of these units are planned for construction during this year. Further plans involve the development of more than 25,000 units post 2016, which will go some way to addressing the need for 12,500 new units per annum in Dublin over the next 6 years as highlighted by the Economic and Social Research Instititute (ESRI).

To find out more about planned residential and commercial construction projects visit Building Information Ireland and register for a Free 10 day day trial to our online portal for all Building Contractors, Building Materials Suppliers and Construction Professionals.

Building Information Ireland research and publish details on all planned construction activity in all sectors across all 32 counties.

Source: Sunday Business Post