Oireachtas Joint and Select Committees

Wednesday, 13 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Liam Kelleher:

I am not sure exactly when it was and, I'm sorry, I don't recall this ... I am trying to place it as best I can. The figure for housing output would've been the ... would've been close to what turned out to be the outcome. So that was reasonable to have there. On several occasions we thought in previous years that output had stabilised and that it would not increase further beyond figures significantly below that figure there. So we were always, I suppose you would say, hoping that output was stabilising at a high and reasonably sustainable level. On the latter point, the third point, I actually have no specific information. I can't ... I can't-----