New figures from the Central Statistics Office show that the first quarter of this year saw the highest level of new home completions of any first quarter since the CSO series began in 2011.
The CSO reported a total of 5,669 new dwelling completions in the first three months of this year.
This marked a 44.5% increase from 3,923 completions the same time last year - when Covid-19 restrictions in place - and is 15.1% higher than the 4,926 completions in the first quarter of 2020, before the pandemic.
Today's figures show a 148.5% jump in apartments completed in the first quarter of 2022 compared with 2021, up from 701 to 1,742.
Scheme dwellings rose by 25% from 2,256 to 2,821 while there was a rise of 14.5% in single dwellings from 966 in the first quarter of 2021 to 1,106 this quarter.
Today's CSO figures show that scheme dwellings accounted for 49.8% of new dwelling completions in the first three months of 2022 with 30.7% apartments and 19.5% single dwellings.
This compares with 57.5% scheme, 17.9% apartments and 24.6% single the same time last year, the CSO said.
The CSO said that seven of the eight regions of Ireland saw an increase in completions, with a 120.8% rise in Dublin and 77.6% in the South-East.
It noted that more than four fifths of all apartment completions were in Dublin (85.5%) and apartments now account for more than two-thirds of all new dwelling completions in Dublin (69.6%).
The Mid-East region accounted for 30.2% of total scheme dwellings this quarter while the South-West region had the highest number of single dwelling completions, with 16.8% of all nationally, it added.
Housing Minister Darragh O'Brien has said while CSO figures show that more than 5,600 new homes were completed in first three months of the year, there are still challenges.
Speaking in Kells, Co Meath, this afternoon, Minister O’Brien said material inflation and supply chain is a challenge, but one the Government is aware of.
"We’re dealing with cost price inflation as best we can," he said.
"The State has made the biggest intervention in housing ever made and that is having an impact," he said.
"There will be bumps along the road into the future these figures are really positive and even looking into 2023, our pipeline is good," he added.
"It’s a good indication that the Government’s housing plan, Housing For All, is taking hold," he said.
