The Irish construction industry recorded a review-period CAGR of -13.76%. Having suffered a setback during the economic crisis (2008¬–2012), it then started to recover the next year. In 2014, the construction industry in Ireland is anticipated to register a nominal growth of 5.0%, backed by increases in activities in both the commercial and residential markets. This growth will be supported by the government’s investment to develop the country’s commercial market and build affordable homes to meet the rising demand for housing. According to the Central Statistics Office Ireland (CSO), the number of approvals for residential projects increased by 95.0% from November 2012 to November 2013, and the building and construction production index increased by 12.0% from the second quarter of 2012 to the second quarter of 2013. Assuming these positive trends continue, the industry is expected to record a forecast-period CAGR of 4.62%.