In light of new figures released in the New Home Statistics review by the National House-Building Council, the construction sector has gained momentum.
Showing an increase of 11% in the number of new homes registered, the construction sector has increased momentum again. After last year’s low building statistics, this increase is a strong indicator for a continued rise.
Simon Hay, Brick Development Association CEO, said: “After a difficult few years for brick manufacturers in the UK it is heartening to see how quickly and how dramatically they have increased production to meet demand.
“It is also fantastic to see this vibrant and forward-thinking industry prepared to invest in re-opening mothballed plants and the recent news of an entirely new plant further demonstrates the brick manufacturers’ readiness to respond to the increase in housebuilding volume.”
Housing minister, Brandon Lewis, has promised to build 1m homes by 2020, to bridge the gap between houses built and houses required, which should lead to further growth in the sector. Jeremy Corbyn also highlighted the importance of new house builds in his speech at the party conference, where he promised a “very large, very active” scheme to make up for shortfalls.
Hay added: “The re-openings and development of new brick plants is an incredibly positive sign in the revitalisation of the housebuilding sector.
“When the volume of new housebuilding starts to grow closer to the 200,000 a year target, the brick industry will satisfy demand.”