Tánaiste: State needs to build 60,000 homes a year

Modular homes under construction in Mahon last year to accommodate Ukrainian refugees. Picture: Eddie O'Hare

The State needs to build about 60,000 homes a year — 20,000 more than it will build this year — before it can “put a dent” in the housing crisis, the Tánaiste has said.

Micheál Martin's comments came on Tuesday as the Housing Finance Agency reported a strong pipeline of new social and affordable homes, with financing approvals up 200% in the first half of 2024, with €861.5m approved for housing bodies with plans to deliver 3,194 new homes.