Michael Stanley, who co-founded the stock market-listed firm four years ago, said that though only around 21,000 homes were built last year that labour shortages were not “a serious constraint” but attracting more young people into the industry was required. “I do not know how people can think we have got a really serious constraint when we are only building 21,000 homes,” he told reporters. Mr Stanley said that the price of its three-bed starter homes sold at an average of €360,000 last year. It could, from its land bank, deliver 4,700 homes at prices between €250,000 and €300,000, and 3,900 homes at between €300,000 and €350,000. Cairn Homes shares rose 2.6% in the latest session, bringing losses in the past year to 4%.

Source: Irish Examiner March 03, 2020 17:26 UTC