Housing

ESRI: We need to build 50,000 homes per year to meet demand

The government will be advised to increase its housing targets significantly from the 31,000 expected to be built this year, but minister admits there is not enough capacity

In the first nine months of the year, more than 4,815 social homes were completed

The government will soon be advised to increase its housing targets to at least 50,000 new homes a year to meet demand, the Business Post has learned.

Two separate pieces of research into required housing targets are currently being conducted by the Economic and Social Research Institute (ESRI) and the Housing Commission. Each body is expected to present findings to government early next year.

Both pieces of research are expected to recommend the state needs ...