Fine Gael has welcomed figures which revealed an increase in housing supply in Ireland.
TD Maria Bailey said the CSO report shows the figures are "going in the right direction".
The number of new dwellings for Quarter 2 of 2018 is up 34% on the same period last year.
Ms Bailey said: "This is a significant proportional increase and it is good to see that housing supply is going in the right direction. While these figures are welcome, there should of course be no complacency.
"There is no doubting the severity of the problem we are working to fix since our economic crash. However if the figures keep going in the right direction like this we will see results.
"While other parties throw around simplistic and populist headlines solely depending on increasing funding, Fine Gael in government is delivering real and substantial solutions through our Rebuilding Ireland plan.
"I know it has been frustrating for people, and it feels slow, but in 2016 we were still feeling the effects of the collapse of the residential construction industry by 90%. Rebuilding Ireland has allowed us to put solid foundations in place upon which we build our future.
"We have a range of supply side measures to facilitate the delivery of homes at more affordable price points, to buy or to rent.
"Funding of €200 million to open up housing lands has been provided by government through the Local Infrastructure Housing Activation Fund (LIHAF).
"We have also established Home Building Finance Ireland (HBFI,) to provide competitive loans for builders and approved housing bodies, keeping their costs low – with up to €750m, it is estimated that HBFI could have capacity to fund about 6,000 homes in the coming years."
(CD/CM)
Time and date
CONSTRUCTION DIRECTORY
Latest Construction News
20/11/2024
MDE has been awarded the electrical services contract for the Clondalkin School Development Project in Dublin. Working alongside Cunningham Contracts Ltd., the company will serve as the specialist electrical contractor for the construction of new facilities for Gaelscoil na Camóige, Gaelscoil ...
20/11/2024
In celebration of European Week for Waste Reduction, the Northern Ireland Resources Network (NIRN) has launched an environmental education programme to promote zero-waste principles among young people. Three schools from the ABC Borough—St Francis Primary School in Lurgan, St Patrick's Primary ...
20/11/2024
Work has begun at hospital sites across Northern Ireland as part of preparations to eliminate car parking charges by May 2026. Health and Social Care Trusts are installing the necessary infrastructure for a new traffic management system, following the passing of the Hospital Parking Charges Act by ...
20/11/2024
Fine Gael has accused Sinn Féin of abandoning its commitment to protect consumers from rising energy costs, claiming that the party's policies could lead to increased costs for 2.1 million customers. The criticism comes after Sinn Féin's alternative budget last month proposed retaining the ...
20/11/2024
SDLP Agriculture, Environment, and Rural Affairs Spokesperson Patsy McGlone has urged Minister Andrew Muir to take decisive action to protect the environment, rather than launching additional reviews. The comments came after Minister Muir announced a review into environmental governance during an ...
20/11/2024
Alliance Strangford MLAs Kellie Armstrong and Nick Mathison, along with Alliance East Antrim MLA Danny Donnelly, recently visited the tidal research experiment at Queen's University Marine Laboratory (QML) in Strangford. The project, funded by the Centre for Advanced Sustainable Energy (CASE), is ...
19/11/2024
Phoenix Energy has been awarded an international standards accreditation from the British Standards Institution (BSI) in recognition of its inclusive service approach for customers in vulnerable situations. The certification highlights Phoenix Energy's commitment to providing fair, flexible, and ...
19/11/2024
Seating Matters is investing £3.7 million to enhance and improve its manufacturing facilities in Limavady and L'Derry. The company is aiming to support its bold strategy to triple revenue by 2027. Making the announcement while visiting the company's Limavady site Economy Minister Conor Murphy ...
19/11/2024
SDLP Infrastructure Spokesperson Mark H Durkan has urged the Minister and the Executive to take immediate action to address problems within Northern Ireland Water. Mr Durkan warned that the current state of the wastewater system is creating significant delays for infrastructure projects across ...
19/11/2024
Galway City Council will hold a public information evening on affordable housing on Monday, November 25, 2024, from 4pm to 8pm at the Connacht Hotel, Old Dublin Road, Galway. The event will provide an opportunity for the public to learn about how affordable housing operates. Council staff will be ...