Housing shortage a 'drag' on investment – Tanaiste

The video discusses the current state of foreign direct investment (FDI) and the challenges faced by companies, particularly in terms of accommodation for staff. It highlights the government's plans to increase the number of new homes being built, aiming for 28,000 this year, the highest in a decade. Despite recent slowdowns, efforts are being made to exceed targets next year. With a rapidly growing population, the need for at least 30,000 new homes annually is emphasized. The government is focusing on strategies to accelerate housing supply, including new builds and repurposing existing structures, to address the housing crisis affecting the country.

What is the target for new home building to make real progress according to the text?

What are some of the ways the housing crisis is affecting the country?