Population data to reveal 'scary' levels of housebuilding required

Cairn Homes boss warns census figures will show need for sharp upwards revision of 35,000-40,000 estimates for home demand

Cairn Homes CEO Michael Stanley said that  building costs, though 'sticky', are easing substantially. 

The boss of Cairn Homes — one of the largest housebuilders in the State — has warned that soon-to-be published census data will likely reveal that even more houses will be required to meet booming housing demand in future years.    

Chief executive Michael Stanley said current estimates that 35,000 to 40,000 new homes would need to be built each year in order for housing supply to start to ease the housing crisis will likely need to be revised sharply higher. The full census data could point to "some scary figures" for population and housebuilding targets, he said.