Number of new house builds falls by 14 per cent over the last year

Details of slowdown come as it was also revealed that the Department of Housing spent €452m less than forecast on capital projects, such as housebuilding, up to the end of October

Darragh O’Brien, the Housing Minister, said the government would surpass its 2022 house-building target

The number of new homes being built has fallen significantly over the last year as soaring construction costs and a lack of finance hit developers, an analysis by the Business Post has shown.

The number of new home starts has declined to just 26,396 in the year to October from a record high of 34,850 in March.

On an annual basis, the number of new starts fell 14 per cent from 30,947 in the year ...