The building industry will likely “struggle” to build 20,000 homes this year and may never deliver the 30,000-plus new homes that experts predict are needed to fully meet demand, one of the country’s largest house builders has said.

Shares in Glenveagh Properties rose almost 14% above its offer price on its debut on the Irish Stock Exchange as investors hailed the prospects for an Irish house builder focused on building houses.

Glenveagh Properties, which plans to become only the country’s second listed housebuilder after Cairn Homes, said it aims in time to achieve a gross margin of 20% on operations.

Glenveagh Properties, which plans to become only the country’s second listed housebuilder after Cairn Homes, said it aims in time to achieve a gross margin of 20% on operations.

A CO KILDARE-based building firm is the buyer of a new homes site on Cork city’s Cleve Hill, Blackrock Road, paying c €3 million for six acres, with planning for 18 large homes.

Three families were “victims of abysmal building practices” and of massive systemic breaches of building regulations, a High Court judge said yesterday.

IT’S a sign of the times.

COLÁISTE Chríost Rí go into tomorrow’s Irish Examiner Corn Uí Mhuirí quarter-final clash with St Brendans (Carrigadrohid, 2pm) without the influential Roy Leahy.

REIGNING champions Coláiste na Sceilge have an injury crisis ahead of tomorrow’s crucial Irish Examiner Corn Uí Mhuirí clash with Coláiste Choilm, Ballincollig, at Kilcummin.

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