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Ireland’s construction sector continues to grow, though the rate of expansion eased last month, figures have indicated. The Ulster Bank Construction Purchasing Managers’ Index, a benchmarked measure for assessing economic activity, also recorded a surging rate of job creation in March. The PMI found that house building was the fastest growing area within the wider construction sector. Readings below 50 on the index...
It was the tie that gave it away. I was near the headquarters of Anglo Irish Bank in 2008 when I bumped into Paddy Kelly, one of Ireland’s biggest developers, and his son Simon. The Irish property market was in meltdown, but it wasn’t clear yet that we were heading into Western Europe’s biggest real estate crash “Things must be bad if you’re wearing a tie,” I joked to Paddy, who was famous for avoiding...
A total of 534 new homes will be built in counties Dublin, Louth, Wicklow and Kildare in the first phase of Ireland’s first social housing Public-Private Partnership following agreement for €120m of new investment  total of 534 new homes will be built in counties Dublin, Louth, Wicklow and Kildare in the first phase of Ireland’s first social housing Public-Private Partnership following agreement for €120 million...
The number of people working in the construction sector in  Ireland  has jumped by 14 per cent, or 17,900 jobs, in the past 12 months,  but Ireland will need an influx of workers from abroad to meet housing targets, according to the ESRI. This may put even more pressure on an already strained housing market, however, and worries about another property crash is putting some construction workers off moving here from...
Brexit uncertainty is expected to delay Irish construction projects valued at hundreds of millions of euro, according to those working in the sector. JP Hilliard, director of development and project management at WK Nolan Real Estate Advisors, said he anticipated considerable disruption to projects in the absence of clarity on the UK’s departure terms. He said his company had engaged with investors on several student...
The Ulster Bank Construction Purchasing Managers’ Index (PMI) – a seasonally adjusted index designed to track changes in total construction activity – rose to 60.5 in February, up from 54.6 at the start of 2019, signalling a sharp expansion. Moreover, the rate of growth quickened to a seven-month high. Construction activity in Ireland has now increased on a monthly basis since September 2013. Simon Barry, chief...
Growth in the value of Ireland’s imports of UK construction products has eased to a more modest rate, according to new data released by Fexco Corporate Payments. Ireland’s booming construction industry continues to increase its imports from the UK but the pace of growth is easing, according to the analysis by the foreign exchange specialist. Spending has risen by 128% over the past three years, but increased by a more...
Dublin crane count reaches record 123 in March Construction activity likely to surge on the northside in coming months. The Irish Times Dublin crane count reached a record 123 in March – the fifth consecutive month when the survey recorded a new high. However, March’s total surveyed from the top floor of the newspaper’s offices on  Tara  Street in Dublin 2 was just two up on February – or less than 2...
A new survey reveals that 72% of construction firms in Ireland are not prepared for Brexit. Considering the huge amount of work being done at political level and the advice and assistance on offer from the Office of Public Works, various business bodies, Enterprise Ireland, chambers of commerce, the Irish SME Association, along with the availability of Government grants, that is a shocking statistic. The Construction Industry Federation...
A BOOM in construction jobs fuelled a 50,500 surge in the numbers at work in Ireland last year. But employment in the building industry has not bounced back to Celtic Tiger levels. New figures reveal that the number of people at work grew by just over 2pc, or 50,500 people, while unemployment plummeted by more than 10pc last year. The number of people at work rose to 2.27 million - an all-time high. However, Taoiseach...
Dublin Airport to construct €320m runway project to boost capacity. Credit: DAA. Dublin Airport has commenced construction on its new North Runway project that will entail an investment of €320m. The official sod-turning ceremony for the runway was carried out by Irish Prime Minister Leo Varadkar and Minister for Transport, Tourism and Sport Shane Ross. Located almost 1.7km north of Dublin Airport’s...
Construction companies across Ireland are experiencing difficulties recruiting qualified, experienced and even entry-level workers across most disciplines. According to a survey of  CIF  member companies 89% of respondents are currently experiencing difficulties recruiting workers. Across the board companies qualified tradespeople are most in demand, particularly those in the wet trades such as block laying, plastering,...