Brick stocks recover as shortages ease

Brick producers are starting to replenish stockpiles offering contractors far more choice again after the surge in demand left reserves severely depleted.

bricks_pileThe latest figures published by the Office for National Statistics show brick producers have got on top of the sudden surge in demand lifting production by 7% compared to last year.

Stock levels slumped to just 323m last October, down almost a third from 500m in 2012, and more than one billion recorded in 2009.

The Government’s Help to Buy scheme boosted construction in a bid to meet the ever increasing appetite for new housing which resulted in increased demand for bricks.

Simon Hay, CEO of the Brick Development Association said: “The brick industry has reacted swiftly in order to meet new demand by increasing brick production by nearly 7% in comparison to the same period in 2014, a tremendous effort by a capital-intensive industry.

“For the first time since the economic downturn, production is approaching 1 billion bricks in a six month period.

“Stock levels have also grown to nearly 450 million, a 33% rise in comparison to the stock levels at the first half of 2014, meaning choice in brick is now possible with reasonable lead in times.”

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