Construction recovery is vital but we mustn't repeat past mistakes
Published 24/02/2014 | 02:30
'SHOVEL it or get off the plot" is a way of characterising the Government's planned approach to developers. The Coalition wants the construction sector to increase its contribution to the economy. While not wanting to repeat the dependency on a building boom of the Celtic Tiger era, the level of building of family homes, offices and infrastructure isn't matching the requirements of the country. Construction activity of just 6pc of GDP is about half what is envisaged as sustainable for an economy of this size and level of growth.
The lack of building is also keeping those who are only qualified to work in the construction sector on the dole queues. Getting the labour-intensive construction industry back up to 12pc of economic output will create another 60,000 jobs.
And the market is demanding affordable family homes in certain parts of the country, notably Dublin.