Mr. David Dalton:

First, the Department does not produce its own formal projections. We rely very much on what we get from the various sectoral experts on that, as well as our own engagement with home builders. As the Deputy is aware, there is a range of projections. These go from a projection of 32,000 provided by BNP Paribas up to a projection of in excess of 40,000 by Deutsche Numis Research earlier this year. We anticipate being somewhere between the target and close to 40,000 at this stage. It very much depends on what gets delivered towards the end of the year. It is complicated by the fact that we saw a significant increase in commencements in the back end of last year and into January and February. Many of those were scheme houses and, if they come on stream towards the back end of the year, they could actually push us towards the mid to high 30,000s. It is inherently difficult to forecast actual delivery. That is reflected in the fact that the forecasts we saw in the first and second quarters, even from the likes of the ESRI, the Central Bank and others, have been changed in the most recent quarter and moved back to some extent. Others are still maintaining that it will be in the high 30,000s and close to 40,000. It is very difficult to know at this stage.