February Monthly Commencement Data Published

The Department of Housing, Local Government and Heritage has published its monthly data on the number of Commencement Notices (residential construction starts) for February 2024.

The data shows that Commencement Notices for 3,699 new homes were received by Building Control Authorities in February 2024. This is an increase of 85% on the number of new homes commenced in the same month last year (1,997 units) and the highest number of units commenced in February since records began in 2015.

Momentum has continued into 2024, with 7,056 new homes commenced in a record-high first two months of the year, up 72% compared to the first two months of last year, with rolling 12-month commencements now above 35,750.

These figures indicate that supply, which is key to addressing our housing needs continues to increase and that a robust stock of new housing is in the pipeline.

Of the 3,699 units commenced, 60% are scheme dwellings, 29% are apartments and 11% are for one-off units.

The full commencement data set can be accessed here.