The Central Bank has revised down its forecast for housing completions in Ireland to 32,500 units for this year, which is only marginally above last year’s numbers. This marks the second reduction in forecasts for the year, following a decrease in March from a prediction of 37,000 to 35,000. The government's original target of 41,000 seems increasingly unattainable, reflecting ongoing challenges in meeting housing demands in the country.
The Central Bank has once again scaled back its housing forecast for the year, now projecting only 32,500 housing completions. This is only a slight increase from last year, indicating ongoing challenges in the housing market.
While the government initially set an ambitious target of 41,000 new homes, the reality has proven to be challenging, with the Central Bank finding it necessary to reduce its estimates twice this year.
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