Cairn Homes: Labour shortages not holding back home building

The chief executive of Cairn Homes — one of the largest home builders in the State —said that shortages of labour are not standing in the way of more housebuilding but that it will nonetheless take time for the industry to respond to the demand for homes that first-time buyers can afford.

Michael Stanley, who co-founded the stock market-listed firm four years ago, said that though only around 21,000 homes were built last year that labour shortages were not “a serious constraint” but attracting more young people into the industry was required.