Cairn Homes: 30,000 new homes a year 'very achievable'

Speaking on the back of a strong set of half-year results for Cairn, Mr Stanley welcomed the Government’s Housing for All plan, but suggested a tweak to Central Bank mortgage rules was needed to give it a chance of working.

The chief executive of the country’s largest housebuilder has said meeting the perceived minimum necessary supply target of 30,000 new houses a year is “very achievable” by the industry in the short-term.

Cairn Homes boss Michael Stanley said he wouldn’t be surprised if about 20,000 houses are completed across the industry next year and the 30,000 mark could be reached in under four years.