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Housing recovery triggers increase brick demand

Housing recovery triggers increase brick demand
The UK's housing market has been going somewhat of a revival in recent months and this Christmas will mark a major milestone in the sector.

Due to the surge in property building there is set to be an increasing demand for bricks across the country. Housing minister Kris Hopkins stated that kilns will be running over Christmas for the first time since 2007 and one of the driving forces behind this more positive activity within the industry has been Help to Buy.

Speaking at a visit of a new Chesterton brick factory in Newcastle-under-Lyme, Hopkins praised the government initiative which helps first-time buyers get their foot on the property ladder. Under the scheme, buyers only need to find five per cent of the value of the home as a deposit with the government providing a loan of up to 20 per cent of the price. This is eligible on new-build houses worth up to £600,000.

Mr Hopkins added: "Help to Buy has not only helped thousands of hard working families get on the housing ladder, it’s also laid the foundations for a recovery in housebuilding, and confounded the critics who claimed it would have no impact on the supply of new homes."

While first-time buyers are given a helping hand trying to secure their new home, Help to Buy has also had a significant impact on the brick industry. The Chesterton factory has created 51 jobs alone and is now rebuilding from the crash in 2008 and thanks to the rapid increase in construction it is making its way back to level seen prior to the economic crisis.

Brick makers will be open over the Christmas period working to meet the expected production level of 1.73 billion bricks. The time of year is usually when companies make up the demand and it will see the continuation of the 12 per cent rise in deliveries which was recorded in July 2013.

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Date: 02/12/2013 16:14:11

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