Almost 250 new homes commenced across County Cavan in 2023

There were 249 commencement notices for new homes in Cavan in 2023. This represents an increase of over 80% on the same period in 2022 (138 units).

This increase is ahead of the national curve. The national data shows that, between January and December 2023, there were 32,801 commencement notices issued nationally, which amounts to an increase of over 21.5% compared to 2022 (26,957). This is also the highest number of annual residential commencements since records began in 2014.

Commenting on the increase, Cavan Monaghan TD Brendan Smith said the increase bodes well for the future.

“Supply is key to addressing the housing challenges we face,” said Deputy Smith.

“The latest monthly data on commencement notices, showing that a record number of new homes were commenced in 2023, outlines the real progress the government is making in tackling what is the defining issue of this generation.

“All the key housing indicators-commencements, completions and planning permissions are trending upwards, which bodes well for future supply,” he continued.

Deputy Smith said the government’s top priority remains doing “everything we can” to help people afford to buy or rent a home.

“The figures published today show that our plan is working and my focus is on doing whatever I can to keep this positive momentum going,” said the local TD.

Commenting on the figures, Minister for Housing, Darragh O’Brien, said: “These impressive figures indicate that supply, which is key to addressing our housing needs, continues to increase and that a robust stock of new housing is in the pipeline.

“The Government initiatives, which we introduced last year such as the development levy waiver and the Irish Water rebate, are clearly having a positive impact of the viability of projects. Combined with the supports for first-time buyers such as ‘Help-to-Buy’ and the ‘First Home’ schemes, we can really see momentum building.”