So many homes being built we're low on bricks

Housing market is on the up at last

Housing market is on the up at last

First published in News

COLCHESTER is suffering from a shortage of bricks because so many new homes are being built.

Since 2011, 1,400 new homes have been built in the town and 750 more are due for completion before the end of March.

Building suppliers are struggling to keep up with demand, leading to longer delivery times which could affect how quickly developments are completed.

Developers also say they are being charged inflated prices by national suppliers.

Stuart Cock, managing director of Mersea Homes, said: “It is true to say bricks and blocks are on much longer delivery lead-in times, with manufacturers struggling to keep up with the increased demand.

“The knock-on effect is also having price inflation in these building materials.”

Gazette: STRENGTH: But the works where Nori brick is made has been hit with a fall in demand

Mersea Homes is working on developments in Brook Square, Colchester; Thatchers Way, Tiptree; Horkesley Grove, Great Horkesley and Wellhouse Green, West Mersea.

It also has plans for Braiswick Lane, Colchester; Rowhedge Quay, Rowhedge; Stanway South and 1,600 homes in Colchester North.

Shaun Balaam, a brick specialist at building supplies firmKent Blaxill, said: “The national house builders have had such a take-up of sales since the middle of last year, they are stockpiling the bricks rather than ordering week to week or month to month.

“It robs the local merchants and local builders of bricks.

“We’re now seeing delays of anything between eight weeks and 50 weeks, which means people are now ordering bricks for next year.”

Paul Smith, borough councillor responsible for business, added: "The fact developers want to build more houses or more buildings and will create more jobs has got to be a positive."

Government helps new buyers

MORE than 100 homes in Colchester have been bought using the Government’s Help to Buy
Scheme.

The shared equity scheme was launched last April and in the first nine months, 128 homes were
bought and a further 51 sales are due to be completed.

The project allows first-time buyers to save a five per cent deposit and borrow up to 20 per cent from the Government to buy a newly-built property worth up to £600,000.

They will need a mortgage for the remaining 75 per cent or more.

Loan fees are not paid for the first five years and after that are paid at a rate of 1.75 per cent in
the sixth year and increasing every year.

Figures from the Department for Communities and Local Government show 12,875 new homes were sold nationwide using the scheme until December last year

Comments (5)

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11:34am Thu 30 Jan 14

jim_bo says...

Why does Colchester Council have a build it and they will come attitude.

Yes Mr Smith, building houses creates short term employment, but once they are built what then?

Business's need encouragement to set up in the area!!
Why does Colchester Council have a build it and they will come attitude. Yes Mr Smith, building houses creates short term employment, but once they are built what then? Business's need encouragement to set up in the area!! jim_bo
  • Score: 5

12:26pm Thu 30 Jan 14

creditcrunch2010 says...

It will be interesting to see what happens in a few years time when interest rates rise and burst this artificial housing boom. The Help To Buy and Shared Equity schemes are just there to bridge the gap between what people can afford and the over inflated house prices.
It will be interesting to see what happens in a few years time when interest rates rise and burst this artificial housing boom. The Help To Buy and Shared Equity schemes are just there to bridge the gap between what people can afford and the over inflated house prices. creditcrunch2010
  • Score: 3

2:07pm Thu 30 Jan 14

stevedawson says...

The figures show we have turned the corner and we have more people in work.The house building already given the go ahead should now be moved forward at a much greater rate.Doom and gloom will not help people getting the homes they need.Vote ukip.
The figures show we have turned the corner and we have more people in work.The house building already given the go ahead should now be moved forward at a much greater rate.Doom and gloom will not help people getting the homes they need.Vote ukip. stevedawson
  • Score: -2

7:50pm Thu 30 Jan 14

Harry-Brown says...

thats what they fink
its all a load of cods old friends
what goes up must come down
enjoy it while it lasts about 18 months worth
punters cant pay the prices are silly
quick start loans leads to quicky bankruptcies
its all about the numbers pile up and knock em down
old china's
people and punters are all numbers
thats what they fink its all a load of cods old friends what goes up must come down enjoy it while it lasts about 18 months worth punters cant pay the prices are silly quick start loans leads to quicky bankruptcies its all about the numbers pile up and knock em down old china's people and punters are all numbers Harry-Brown
  • Score: 0

8:41pm Thu 30 Jan 14

phmonline says...

There has already been far too many home built in and around Colchester which the road system can't handle. Building more homes will only add to the misery that many people face getting to and from work.
There has already been far too many home built in and around Colchester which the road system can't handle. Building more homes will only add to the misery that many people face getting to and from work. phmonline
  • Score: 5

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