Louth sees fall in home completions latest data reveals

There was a large fall in the number of dwelling completions in Louth in the first three months of this year (Q1 2014), compared with the last quarter of last year (Q4 2023), according to figures released today by the Central Statistics Office (CSO).

176 dwellings were completed in Louth in Q1 2024, down from 446 in the final quarter of 2023. Of the 176, 31 were single, or one off houses; nine were apartments; and 136 were scheme houses. This compares to 36 single houses; 335 scheme houses and 75 apartments in Q4 2023.

The number of completions in the first quarter of this year is up six dwellings on Q1 2023 however, when 176 dwellings were completed in Louth. Overall in 2023, 1,086 dwellings were completed in Louth, comprising 131 single houses; 673 scheme houses; and 282 apartments.

Looking at Dundalk in the first quarter of this year, 88 dwellings were completed. While this is down on the 196 completed in Dundalk in Q4 of 2023, it is up on the 48 completed in Q1 2023. In total, 375 homes were completed in Dundalk in 2023.

Nationally, there was a 12.1% fall in the number of new dwelling completions in the first quarter of 2024, compared to Q1 2023, with 5,841 new dwelling completions between January, February, and March 2024.

Apartment completions in Q1 2024 stood at 1,603, down 32.6% from Q1 2023. There were 3,038 scheme dwelling completions in Q1 2024, down 1.4% from Q1 2023, while the number of single dwellings completed was 1,200, up 1.3% from Q1 2023. 

More than half of completions (52.0%) were scheme dwellings, 27.4% were apartments, and 20.6% were single dwellings. There was a decrease in completions from Q1 2023 to Q1 2024 for six of the eight regions of Ireland including a 25.3% fall in Dublin but increases occurred in the Midlands and South-East.