Housebuilding holding up but 'acute undersupply' to last

Goodbody economists in 'Embarrassment of Riches' report suggests the Government has a wealth of options to deal with the crisis

'The mobilisation' of the activities by the State, including local authorities, approved housing bodies, and the Land Development Agency will go someway to offset the exit of some private landlords from the market, report says.

Housebuilding is holding up better than once feared despite interest rate hikes, Goodbody economists have said in their "Embarrassment of Riches" economic report that suggests the Government has a wealth of options to deal with the crisis.

The latest “health check” on the economy by Dermot O’Leary and Shaun McDonnell projects that 30,000 homes will be completed this year and in 2024, as the Government steps up its activities to meet the crisis, but they warn the market will likely remain "in an acute undersupply” for some time.