Construction activity in Wexford falls by 57 per cent
Published 14/07/2015 | 00:00
Activity in residential construction sector in Wexford has fallen sharply compared to 2014 according to the latest figures.
Figures from the National Housing Construction Index for the first four months of 2015 show a sharp fall in activity in the residential construction sector in Wexford when compared to 2014 but sentiment continues to remain positive.
The latest edition of the National Housing Construction Index from Link2Plans reveals that commencements in Wexford have fallen by 57 per cent in the first four months of 2015 when compared to the same period in 2014, while planning applications have risen by 10 per cent year on year.
Nationally, commencements are down 51 per cent in the first two months of 2015 with ever county recording a decrease, while applications are up 18 per cent.
The data contained in the National Housing Construction Index is aggregated by consultancy Link2Plans from real time planning and project information with the National Housing Construction Index tracking every project from January through to April 2015, and comparing it with the same period in 2014.
Danny O'Shea Managing Director of Link2Plans said: 'Research shows that in Wexford for the first four months of 2015 the average period of time it took for one off houses to get from the planning application stage to commencement of work was 59 weeks, which is a long lead in time.