Planning applications increase in Wexford but drop in number of projects started
The latest figures from the National Housing Construction Index reveal that sentiment in 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. 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 year on year in that period.
A total of 290 planning applications were lodged with Wexford County Council between January and June of 2015, the highest figure recorded since 2011. A total of 100 projects were commenced between January and June 2015 which is the lowest figure recorded since 2012.
Nationally, the National Housing Construction Index shows that planning applications have risen 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.
Danny O'Shea, Managing Director of Link2Plans said: '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.