Jennifer Carroll MacNeill (Dún Laoghaire, Fine Gael) | Oireachtas source

Prior to today, NAMA provided a business update to the committee. Clearly, NAMA has become one of the biggest residential delivery providers. One figure on page 9 jumped out at me. The number of units for which NAMA or its entities has planning permission but are not yet under construction is 6,200. The graphic beside it shows units under construction or with funding approved but 1,100 of those with funding approved but not yet under construction, leading me to see 7,300 with planning permission but not yet under construction. What is going on there? How is it that when we are crying out so badly for houses they are not yet under construction?