Clearance for Take Off? Not Quite yet ; with the Cement Mixers Silent, It's All About Clearing That 'Overhang' [Eire Region]
Mail on Sunday › April 20, 2009
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Summary
The construction sector has gone off a cliff, which isn't news to most people. According to the Construction Industry Federation, from a high of E24bn in 2006 - or 16pc of gross national product - residential output fell to E14bn last year and now accounts for 9pc of GNP. This is the difference between the 77,000 housing completions in 2007 and the estimated 51,000 last year.
But the collapse hasn't finished, as there's a consensus that a mere 20,000 residential units will be completed this year.See the full content of this document
Extract
Clearance for Take Off? Not Quite yet ; with the Cement Mixers Silent, It's All About Clearing That 'Overhang' [Eire Region]
A federation spokesman says: 'The majority of residential construction this year will be in one-off housing, in the 12- 14,000 range.' Ultimately, the CIF belie...
See the full content of this document
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