Building blocks

Despite Cairn Homes doubling output and revenue, housing supply is nowhere near meeting demand - and there’s no quick fix available

10th March, 2019

Doubling building output, doubling revenue, tripling operating profit and announcing plans to pay its first dividend to its shareholders. By any measure, it was a good year for Cairn Homes, the €1 billion housebuilder that has assembled some of the prime building sites in Dublin, including part of RTÉ’s Montrose campus.

However, towards the end of a one-hour briefing for journalists on its 2018 annual results, Cairn’s chief executive and founder Michael...

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