Productivity not workforce holds key to housing targets

Ireland’s construction sector risks falling short of housing targets despite rising completions. The Central Bank warns that without a significant productivity boost, the industry will need to expand its workforce by 30 per cent to meet government commitments. With completions still well below annual goals and productivity lagging 20 per cent behind European averages, reliance on labour alone is unsustainable. Shifting towards modern methods and technological innovation is critical to increase output without inflating costs or capacity constraints.

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