Séamus McGrath (Cork South-Central, Fianna Fail)
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I thank the witnesses from the Central Bank and the ESRI for their opening statements, which give a good snapshot of their position on the housing situation at present. Both organisations' predictions for delivery in 2025 are similar, at in or around the 35,000 mark. There is a distinction in terms of 2026, with the Central Bank forecasting a figure of 44,000 and the ESRI saying 37,000 units will be delivered. That is quite a difference. Focusing on this year, the outturn last year was lower than we expected and was disappointing. Will the witnesses explain how they see an increase of 5,000 this year? What is the basis for the figure of 35,000 they are both giving? I ask for a brief answer from both organisations.