Low investment in the construction sector means modern methods of construction are not being adopted on a wide enough scale
The Irish Fiscal Advisory Council does not depart in any significant way from the consensus about how to fix the housing crisis indoes contribute is an analysis of how to address low productivity in the construction sector. which is impeding progress on housing and other areas of infrastructure where Ireland lags behind other high-income European countries. Productivity in the construction sector here is less than 70 per cent of the average in these other countries.
The small size of Irish construction firms – particularly most specialist house builders – is also a factor in chronic levels of under-investment. In the absence of significant productivity gains , IFAC estimates that 78,500 extra workers will be needed to address infrastructure deficits in housing, transport and energy. This could fall to 21,500 if construction productivity rises to the average level in high-income European countries.
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