It will be at least 2023 before the construction industry is sustainable, according to global construction consultants Davis Langdon.

THE crisis in the construction industry is far from over and with output set to decline to €8.9 billion in 2011 — down from its peak of €38bn achieved in 2007.

FURTHER construction layoffs are inevitable as the Government’s capital spend is running 25% behind its budgeted plans for 2010, say quantity surveyors Davis Langdon PKS (DLPKS).

THE number of homes built across the country is set to decline this year following a record number of house completions in 2004.