State will ‘fail to meet housing targets unless construction costs are tackled’

Experts and industry groups call for urgent action to tackle rising building costs at a cross-party meeting

Members of the Oireachtas housing committee will hear from industry figures that inflation is making it harder for construction firms to build affordable housing

The government will fail to meet its housing targets unless it tackles construction inflation as a matter of urgency, amid a situation that is worsening by the week for builders, politicians heard today.

The Society of Chartered Surveyors Ireland (SCSI) told the Oireachtas housing committee that if the cost of building continues to rise, housing completions “will not be near the numbers required to meet government’s targets”.

Members of the committee also heard from industry ...