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Tag: Housing

Ulster Bank Construction Purchasing Managers Index January 17

Ulster Bank Construction Purchasing Managers Index

Simon Barry, Ulster Bank According to the Ulster Bank PMI January 2017, Irish construction activity continued to grow sharply in January 2017 on the back of higher new orders. The key highlight from the latest Ulster Bank Construction Purchasing Managers Index survey (PMI) was a near-record rise in employment as companies responded to greater workloads. […]

The Housing Agency Report 2017

The Housing Agency

National Statement of Housing Supply & Demand and Outlook of 2017 – 2018. Key points New Builds Sufficient development land – Construction Growth – Progress in unfinished estate completions Sales Residential sales decline in 2016 – House price increases slower Rental Sector Rents rise across country – New rent highs in Dublin. Affordability problems in particular […]

Help to Buy Scheme – 120 applications in first 12 hours

Home Building Finnace ireland

Help to Buy scheme gets off to a quick start with some 120 first time buyers submitting applications in first 12 hours of it opening, according to the Revenue Commissioners. The Government’s first time buyers Budget 2017 incentive came into legislation in the new year. First time buyers of new homes and first time self […]

Statement from Construction Industry Federation on Central Bank mortgage review

Construction Industry Federation

Tom Parlon, CIF Director General Following the review of mortgage measures announced by the Central Bank today, CIF Director General, Tom Parlon, stated: “The CIF recognises that the Central Bank’s macro-prudential rules are part of a necessary regulatory framework within the Irish banking system. Today’s changes to the deposit rules may assist first-time buyers in […]

Central Bank mortgage requirement changes are boost for Irish house building

Construction workplace fatalities

Key changes designed “to improve the sustainability and effectiveness of the current framework” The Ceiling on the loan to value (LTV) ratio for all first time buyers to be set at 90%, from the current 90% for loans up to €220,000 and 80% for the balance of loans above €220,000. This will enable first-time buyers […]

Industry could generate 112,000 construction jobs by 2020

Construction jobs

A new report by DKM Consultants shows that the Irish construction industry can grow on average by 9% per year up to 2020 but warns there are potential skills shortages. The report, commissioned by the Construction Industry Federation and carried out by DKM Econmic Consultants in conjunction with SOLAS, states that construction activity could potentially […]

Ulster Bank PMI: Irish Construction orders at six-month high

Third quarter expansion for construction – Ulster Bank PMI According to the latest Ulster Bank Construction Purchasing Manager’s Index® (Ulster Bank PMI ®), the end of the third quarter of 2016 saw a monthly expansion in Irish construction activity. This was helped by quickening growth of new business. Rising workloads fed through to increases in […]

CIS: €17bn in construction projects planned for 2017

CIS

The CIS Construction Opportunities Report 2017 reveals that there is an increase of €1bn in combined project values over 2016 in construction work planned for 2017 with €17bn worth of projects in planning for 2017. The CIS (Construction Information Services) Report includes comprehensive descriptions and contact details on the largest active and most lucrative projects […]

UK Construction Growth in September

CRH

Tim Moore, IHS Markit UK Construction News: First growth since Brexit due to house-building In September, the UK construction industry has seen its first signs of growth since May. The Markit/CIPS Construction Purchasing Managers Index (PMI) reached 52.3 in September, up from 49.2 in August. UK House-building up This growth has been attributed to a […]

ESRI warning for house construction sector

House Construction

ESRI Warning: Fewer houses will be built due to Central Bank mortgage lending limits impact on house construction The latest Quarterly Economic Commentary (Autumn 2016) from the ESRI (Economic and Social Research Institute ) predicts continued economic and jobs growth, but carries a warning for house construction. A Research Note titled An Empirical Assessment of […]