Sentiment in construction sector in Wexford is positive
Sentiment in the construction sector in Wexford remains positive as planning applications rose by 28 per cent in the first six months of 2015 when compared to same period in 2014.
However, despite the positive outlook, there has been a significant fall in activity in the residential construction sector in Wexford with project commencements down by 29 per cent in the first half of 2015 when compared to 2014.
Nationally, the National Housing Construction Index shows that planning applications rose by 14 per cent 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 per cent 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.
Minister Paul Kehoe meanwhile says newly-published CSO figures, which show an increase of 18.5 per cent in the number of jobs in the construction sector since this time last year, underpin sentiment that there were many more opportunities for the sector to grow in County Wexford.
'The latest CSO figures show that 126,000 people are now employed in the construction sector, that's an increase of almost 20,000 in 12 months. These are national figures but the jobs are distributed across the country, including here in Wexford.
'The construction sector suffered a massive decline when the economy collapsed in 2008. At that time, 280,000 people were employed in the sector and this dropped to below 100,000 by 2012. A healthy economy must have a vibrant and sustainable construction sector.'
'In Wexford we have many highly skilled construction workers who for too many years have struggled to find work. We have also lost many to emigration due to the property fuelled bubble propped up by the previous government. Now we are starting to see growth again in this area and opportunities for Wexford workers.
'I am confident that there is plenty of room for the construction sector in Wexford to grow, but we must do this in a sensible way. We must guard against returning to the boom and bust model that failed the Irish people in the past by implementing Construction 2020 and closely monitoring developments,' he said.