Louth sees rise in home completions

There was an increase in the second quarter of this year (Q2) in the number of new dwelling completions in Louth, compared to both the first quarter of 2024 (Q1), and Q2 of last year, according to figures released today by the Central Statistics Office (CSO).

245 new homes were completed in Louth in Q2 of this year, up from 176 in Q1 and also up from 195 in Q2 of 2023. Of the 245 new homes, 46 were apartments, 163 were scheme houses, and 36 were single houses. In the first half of this year there has been 421 new homes completed in Louth, up from 365 in the first half of last year.

Looking at the figures at a Local Electoral Area (LEA) level, Dundalk-Carlingford has seen a fall in both Q1 and Q2 of this year in new dwelling completions. 21 new homes were completed in the LEA in the second quarter of this year, down from 22 in the first quarter and also down from 24 in the second quarter of last year.

Dundalk South has seen an increase in the number of new completions, with 64 in Q2 of this year, up from 52 in Q1, and also up from 12 in Q2 of last year. Looking at the two Dundalk LEAs combined, 159 new homes were completed in the first six months of this year, compared to 81 in the first six months of last year.

Nationally, there were 6,884 new dwelling completions over Q2 2024, a fall of 5.4% on the same three months of 2023. Apartment completions fell 15.1% from Q2 2023 to Q2 2024, standing at 1,566 this quarter. There were 3,949 scheme dwelling completions in Q2 2024, down 1.8% from Q2 2023, while the number of single dwellings completed was 1,369, down 3.0% from Q2 2023.

More than half of completions (57.4%) were scheme dwellings, 22.7% were apartments, and 19.9% were single dwellings. There has been a fall of 7.8% in seasonally adjusted new dwelling completions from Q1 2024 to Q2 2024.