Sentiment in construction sector remains positive in Offaly with surge in planning applications – Link2Plans
The latest figures from the National Housing Construction Index reveal that sentiment in construction sector in Offaly remains positive as planning applications rose by +43% in the first six months of 2015 when compared to same period in 2014. Despite the positive outlook, there has been a significant fall in activity in the residential construction sector in Offaly with project commencements down by -29% in the first half of 2015 when compared to 2014.
Nationally, the National Housing Construction Index shows that planning applications have risen +14% in the first six months of 2015 when compared to the same period in 2014, but project commencements have fallen across the country by -26% year on year.
The data contained in the National Housing Construction Index is aggregated by consultancy Link2Plans from real time planning and project information in every local authority area, with the latest edition of the National Housing Construction Index tracking every project from January through to June 2015, and comparing it with the same period in 2014.
According to Danny O’Shea Managing Director of Link2Plans “Two very distinct themes have emerged in the Irish residential construction sector in the first half of 2015. Firstly, when compared to the same period in 2014, there has been consistent bi-monthly growth in the number of project applications which shows continued confidence in the sector. Secondly, commencements are down quite significantly when compared to 2014.”
Applications up +14% nationally
Danny O’Shea Managing Director of Link2Plans said that “The number of planning applications in the first six months of 2015 rose by 893 from 6,503 to 7,396, representing an increase of +14% nationally year on year. Leitrim, Laois and Westmeath were the best performing counties for the first six months of 2015 when compared to 2014, recording growth of +74%, +66% and +48% respectively. Louth (+43%), Donegal (+35%) and Longford (+32%) also returned significant increases while Dublin (-5%) was the only county to record a fall in the number of planning applications.”
Danny O’Shea Managing Director of Link2Plans said that “nationally, in the first half of 2015 the number of project commencements fell by 1,063 from 4,080 to 3,017 when compared with the same period in 2014, with Wicklow the only county to record an increase with +1%. The smallest year on year decreases were in Dublin (-3%), Waterford (-10%) and Cavan (-11%).”
The National Housing Construction Index is produced by a team of researchers at Link2Plans and it relates to all Planning Applications and Project Commencements throughout the months of January to June 2015 and gives a direct comparison with the same period in 2011, 2012, 2013 and 2014.
Link2Plans have produced this index bi-monthly and it has been the most accurate barometer of real time sentiment (planning applications) and actual residential construction activity (project commencements) including residential developments (multi-units), one-off housing (self-build) and one-off housing extensions.