There was an annual decrease of 2.4% in the total number of homes approved for planning permission in Quarter 2 (Q2) 2024 to 8,513 units, falling from the 8,723 approved in Q2 2023.
For the first nine months of 2024 (January - September), there were 49,007 home commencements, up from 23,923 for the same period in 2023.
In the first three quarters of 2024, there were 21,634 new dwelling completions, a decline of 3.1% from the same period in 2023.
In the 12 months to August 2024, house prices in Dublin rose by 11.6% while apartment prices went up by 7.9%.
The average price of a home in the 12 months to August 2024 was €345,000.
In Q1 2024, the top 10 highest average monthly rents were all located in Dublin, with Glenageary being the highest at €2,808, based on Residential Tenancies Board (RTB) data.
Average hourly earnings in the construction sector were €27.43 in Q2 2024, up from €24.62 from the same quarter in 2023.
Building Energy Ratings (BER) have generally improved over time, reflecting retrofitting, higher construction standards and shifts in home heating sources.
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Housing Hub
The Central Statistics Office (CSO) has today (18 November 2024) launched a new platform for information on housing. The Housing Hub has been developed by the CSO to serve as a single source for key housing information using the latest data from the CSO and other public service bodies. This is part of a series of hubs the CSO is developing to improve access to timely and important statistics across key policy areas.
The new Housing Hub provides a wide range of information, broken down into four main themes: Home Building; Home Prices & Rents; Cost of Building Homes, and Housing Features.
This one-stop-shop for housing data means users will be able to easily locate the most up-to-date information on subjects such as planning permissions, housing commencements, new dwelling completions, home prices, rents, consumer prices, cost of construction materials, costs of labour in the construction sector, Building Energy Ratings (BER) and internet coverage.
CSO data in this Hub will be updated as new releases are published while data from other sources will automatically be updated once it becomes available. An annual snapshot of findings using the latest data from the Hub will also be published. The Hub uses our open data portal, PxStat (data.cso.ie), which allows users to search for data relevant to them, download it and create visuals in a way that suits them best.
Statistician's Comment
Commenting on the Housing Hub, Steven Conroy, Statistician in the Housing Division, said: “The purpose of this new Housing Hub is to collate statistics on housing in Ireland from the CSO and other public sector organisations in one easy to find location. The Housing Hub provides users with easy access to the most current data on a range of key statistics related to housing as they are published on our open data portal, PxStat. The structure of the Hub allows the flexibility to add new data as it becomes available, to include new topics, and to have more regular updates.
The snapshot graphic accompanying the Housing hub helps to contextualise housing data using demographic statistics from Census 2011, 2016, and 2022, and other administrative data. It illustrates how the population is growing at a higher rate than the housing stock, that there is a higher percentage of young adults (20- to 34-year-olds) living at home with their parents, and how rent and home prices are increasing.
The CSO’s Housing Division extends its appreciation to the various internal divisions in the CSO who helped in the development of this new Housing Hub. We also acknowledge the Department of Housing, Local Government and Heritage, and the Residential Tenancies Board (RTB) for the use of their data in the Housing Hub. The CSO welcome comments and suggestions from users on this new platform which can be sent to housing@cso.ie."