Can economy deliver increase in housing supply?
A large number of the workers required to build the extra homes will have to come from abroad, the ESRI warns in a new report
Overall, author Kieran McQuinn finds that the economy “is not unduly constrained” at the moment, as employment in the construction sector is still quite low compared with levels seen over the past 20 years.
He adds, however, that while construction employment is well below the heights of 2007 and 2008, it is still relatively high compared with the current low level of housing supply. This suggests that employment in the sector would have to...
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