Through a series of measures, housing supply was increased to try to meet demand while at the same time maintaining and improving affordability. The results are evident. The number of units built last year was 52,600, which was the seventh year of record output, interest rates are at their lowest for a long time and price increases have now been reduced to 5.7%. There are a number of contributory factors to these achievements. Some have been outside our control, but most have been the result of strong, prudent economic management of the economy. The so-called Celtic tiger, a media generated term I detest, dramatically increased disposable incomes and employment. These joined with lower tax levels and high levels of economic growth contributed to an increased supply of properties.