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Housebuilding up 30pc this year

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Housebuilding output is up 30.8pc compared to November 2015

Housebuilding output is up 30.8pc compared to November 2015

Housebuilding output is up 30.8pc compared to November 2015

Construction in the residential property sector has risen by more than 30pc over the past year, according to the latest statistics released by the Central Statistics Office.

Figures for November show that while construction on a monthly basis slowed in November, the overall picture shows steadier growth than a year previously.

Overall, housebuilding output is up 30.8pc compared to November 2015 - though it's growing from a very low base. There was also strong growth in the commercial property sector, with output improving by 27.8pc over the same 12-month period.

The figures will come as a boost for the Government, which has made the construction of 25,000 homes a year a top priority.

The new figures show that construction output is now at its strongest level since the end of the crisis,

"These are an important set of figures and it shows that there is now robust growth in the sector, which has been evident for some time. In the last 12 months we have seen 14,000 new homes completed," said Ulster Bank chief economist Simon Barry.

Meanwhile, latest figures show rents rose by 9.7pc in the year to November.

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