Housing: chapter 3 in The National Development Plan in 2023: priorities and capacity

A key point to emerge in this chapter on housing is the likelihood that existing targets for housing supply might understate need, given the stronger than expected increase in the population seen in the recent release of results from Census 2022. This chapter also recognises the capacity constraints which confront efforts to increase output. However, it is noted that increased housing output should dampen the price of existing houses and rents. Hence any increase in the costs of new building arising from increased investment could be offset by an easing in housing costs.