Shares in home builder Cairn Homes rose today after it reported an estimated 60% increase in half year revenue, saying it is seeing average sales of 100 units a week.

In a trading update for the six months to the end of June, Cairn Homes reported revenue of about €450m from the sale of about 1,130 units, a 60% increase on the revenues of €284.5m and sales of 708 units the same time last year.

The company said its “significant” sales momentum resulted in its closed and forward order book growing to about 4,800 new homes with a net sales value of €1.8 billion and it reaffirmed its full year guidance.

Cairn Homes said that build cost inflation remains well controlled at about 2.5% year to date.

It added that investment in growing its business has supported five new site commencements in the first half of this year, and it is now active on 26 sites across the Greater Dublin Area, Cork and Galway.

The home builder said it has sold more than 150 apartments after the recent launch of Exchange Square (Seven Mills), its third Croí Cónaithe (Cities) development. This is the first phase of Croí Cónaithe (Cities) apartments being offered to private purchasers at Seven Mills, which is now home to nearly 4,000 residents.

Michael Stanley, Cairn’s chief executive, said the company delivered a very strong first half, increasing output by 60% to over 1,100 new homes.

“Across 2026 and 2027, Cairn will deliver 6,000 new homes and continue to play a leading role in addressing Ireland’s housing deficit. Improving access to housing for young and middle-aged buyers remains our clear focus,” the CEO said.

“By managing costs, leveraging our scale and operational capability, and continuing to innovate, we are making demand more realisable and increasing our output,” he added.

Turning to the broader market, Michael Stanley said that targeted Government interventions are beginning to deliver tangible results.

“Greater policy certainty, stronger public-private collaboration and committed funding are supporting increased housing delivery, particularly in apartments. The Croí Cónaithe (Cities) scheme is helping to activate much-needed apartment developments, with more projects moving from planning into construction and delivery,” he said.

Cairn Homes will release its 2026 interim results on 2 September.

Its shares moved higher in Dublin trade today.