Dr. Ronan Lyons:

In the report, we go into housing requirements, with and without the deficit. The deficit at the time of the date of the report was up to 250,000 homes. The total number of homes needed by mid-century was, depending on the scenario, between 1.4 million and 1.9 million. Therefore, the deficit is huge now but it is small compared to the need that will accrue over the next 30 years. One can take the 250,000 off and one can still have scenarios - I would say 300,000 now - where the housing requirement would be 50,000 homes to 60,000 homes a year with no deficit.