Housing crisis to worsen as wages soar by 10pc in construction industry

Higher costs will hit housing targets and the National Development Plan

Wages in construction are rising quickly, which points to a potential overheating in the sector, the ESRI has warned

Wages in construction are rising rapidly, pointing to a potential overheating in the sector, the Economic and Social Research Institute (ESRI) has warned.

Construction wages are increasing to a much greater extent than in the economy as a whole, as the sector deals with the competing demands of building houses, retrofitting, and infrastructure projects.