Supply and Demand: AIB's Weekly Market Brief: 14-18 August

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AIB Customer Treasury Services

11 August 2023

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Click below to read the Weekly Market Brief for 14-18 August ...

Supply and Demand
by AIB Treasury Economic Research Unit

Based on underlying demographics, the Irish economy needs at least 30,000 new residential units to be built each year
There are a number of challenges, though, to further boosting housing supply.
The latest forecast from the Central Bank of Ireland is that housing completions could amount to 27,500 units this year, rising to 29,000 in 2024.
In terms of demand indicators, underlying mortgage market metrics suggest homebuyer activity remains solid.