The Housing Minister says the supply of new homes should meet demand sometime around 2024.
However, Darragh O’Brien says issues will likely continue due to the pent-up demand in the system because of Covid.
Building shutdowns caused by the pandemic meant fewer homes than needed were built over the last two years.
But Minister O’Brien says building is set to ramp up strongly in the coming years.
"If the momentum keeps building, subject to no further shutdowns - which I don't expect, we will be making serious inroads on supply.
"We need to get supply up across the board.
"What we've projected on the demand side of things is we need to be getting to an average of 33,000 homes, so I'm telling you now - based on the plan - that in 2023 we'll be over 30,000, so we'll be close to [the target], and in 2024 we'll exceed that."
