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Davy Research

Irish economy

Weak Q2 housing result driven by volatile apartments

Jul 30 2026, 13:35 IST/BST
Kevin Timoney
Irish Economy
6 page(s)

Kevin Timoney

Analyst

DAVY VIEW

Housing supply for Q2 was just 8.8k, well below our forecast for 11.2k. Volatile apartments explained all of this, with our forecast for 6.2k houses matching the result. We had previously noted that our quarterly profile for housing output this year was not ambitious, and a larger weight on H2 supply now looks likely. However, downside risks to our 2026 forecast (43k) have risen.

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Jul 30 2026, 13:35 IST/BST

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