Central Statistics Office: First Quarter (Q1 2014) planning permissions for dwellings -30% drop
The following information from the Central Statistics Office (CSO) was tweeted by Constantin Gurdgiev on 19th June 2014. See CSO link here.
This paints quite a different picture of the emerging trends in the construction industry, and for the supply of dwellings to the market in particular. We have concentrated on commencement notice falls since implementation of BC(A)R SI.9 in March. The following CSO figure suggests the depressed residential market may well suffer from a lack of supply later on in the year, also due to falling planning permissions. When read with the recent patchy contractor sentiment in a recent Construction Industry Survey, the government’s jobs strategy looks a little optimistic. Extract from CSO page to follow:
In the first quarter of 2014, planning permissions were granted for 1,604 dwelling units, compared with 2,308 units for the same period in 2013, a decrease of 30.5%.
The first quarter figures also show that:
- Planning permissions were granted for 1,446 houses in the first quarter of 2014 and 1,860 in the first quarter of 2013, a decrease of 22.3%. See Table 4.
- Planning permissions were granted for 158 apartment units, compared with 448 units for the same period in 2013, a decrease of 64.7%. See Table 4.
- One-off houses accounted for 48.3% of all new dwelling units granted planning permission this quarter. See Table 4.
- The total number of planning permissions granted for all developments was 3,833. This compares with 3,275 in the first quarter of 2013, an increase of 17.0%. See Table 1.
- Total floor area planned was 744 thousand square meters in the first quarter of 2014. Of this, 45.0% was for new dwellings, 30.8% for other new construction and 24.2% for extensions. The total floor area planned decreased by 20.0% in comparison with the same quarter in 2013. See Table 1.
- Planning permissions for new buildings for Agriculture decreased to 93 this quarter. This compares to 157 permissions in the same quarter of 2013. See Table 3(a).
Other posts of interest:
Taoiseach: get building back to ‘sensible, sustainable levels’- click link here
Press: Construction and property bouncing back as jobs surge – click link here
Press: Fears construction recovery will stall – click link here
CIF Construction Confidence Survey – click link here
Minister Hogan rejects Irish Times Article – click link here
Irish Times: Dramatic fall in number of buildings being started – click link here
Commencement notices fall: BC(A)R SI.9 – click link here
BC(A)R SI.9- BCMS: “must do better” – click link here
The extraordinary cost of BC(A)R SI.9 of 2014 – click link here
The cost of a Solution to BC(A)R SI.9? – click link here