New house builds ‘to peak at only 25,000’, says country’s largest housebuilder

The chief executive of Cairn Homes, the country’s largest housebuilder, said annual peak new supply will reach only 25,000 in the coming years, meaning too few homes will be built to keep the housing crisis and runaway rents under control.

Michael Stanley said the booming economy will ensure that demand remains keen but that supply will still be hobbled by a building industry that was still damaged from the banking and property crash.