The Central Bank has lowered its forecast for the number of houses to be built.
The Central Bank has revised down the number of houses it expects to be built - again.
Its latest Quarterly Bulletin forecasts 32 thousand 500 homes will be built this year, as completions came in below expectations for quarter one.
Commencements also dropped sharply, which the bank says is down to the anticipated effect of the ending of the development levy and Irish Water rebate.
Justin Molloy, Director for the Western and Midlands Region with the Construction Industry Federation, says infrastructural issues are delaying the boost of much-needed housing numbers:
Cathaoirleach of Offaly County Council John Leahy says, delays in planning permissions also effect the outcome of houses being built:
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