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.
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.”
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.