Oireachtas Joint and Select Committees

Tuesday, 24 May 2022

Joint Oireachtas Committee on Housing, Planning and Local Government

Construction Costs in Housing: Discussion

Mr. Eddie Taaffe:

We completed a round of workshops for which we travelled throughout the country, involving 300-odd companies of different sizes from small, medium and large. The issue of material cost inflation was at the fore during them. Members have not directly come forwarding saying that they will not continue with projects, however, we have been in discussions with a number of suppliers who have indicated that their order books for the third and fourth quarter of this year are not what they would be normally. The targets for this year are probably not in jeopardy, however, the concern is that if the order books are not there for the end of this year, we do not know what will be the level of commencements and completions next year. My colleague, Mr. O'Connell, had direct conversations with some of the suppliers, which probably marries with that.

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