News Formal

Global failure of off-site homebuilding firms will spook Irish investment, industry group warns

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 71%

Business News News

Business Business Latest News,Business Business Headlines

In the past month, two major firms involved in off-site residential construction have announced plans to close down operations in the UK and the US

The Construction Industry Federation has warned that high-profile collapses of off-site construction businesses worldwide make it difficult for Irish firms to commit to investment in this homebuilding method.

In a submission to the Oireachtas Housing Committee, Tom Parlon, director general of the CIF, said there is an opportunity for the industry to double its production scale using so-called modern methods of construction, but there is uncertainty over demand for homes built using this approach.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global failure of off-site homebuilding firms will spook Irish investment, industry group warnsIn the past month, two major firms involved in off-site residential construction have announced plans to close down operations in the UK and the US
Source: businessposthq - 🏆 8. / 71 Read more »

Global failure of off-site homebuilding firms will spook Irish investment, industry group warnsIn the past month, two major firms involved in off-site residential construction have announced plans to close down operations in the UK and the US
Source: businessposthq - 🏆 8. / 71 Read more »