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30th June 2017
07:49am BST
"When obsolescence, falling household size, natural increase and net migration are factored in, the country needs 50,000 homes a year," said Trinity College economist Ronan Lyons, author of the report. "It is not getting that, and supply has not been meeting demand since 2011, meaning we have also a backlog to meet."
"The principal reason why so few homes are being built is the high cost of construction.
"Hopefully the new Housing Minister will focus on reducing the hard costs of construction. This will have beneficial effects for both market and social housing."
Meanwhile, house prices continued to climb - they rose more in the first half of 2017 than they did in all of last year.
They've risen by over €2,000 per month nationally, the report found.
Dublin city continues to be the most expensive place to buy a home in Ireland.
The average asking price for a home there is now €352,975, a rise of 12.3 per cent year-on-year.
Nationally, the average price is €240,000, up 11.7 per cent on last year.
Asking prices have, on average, risen by almost half (46.2%, or just under €76,000) since their lowest point in 2013.
