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UK Literally Runs Out Of Bricks In Scramble To Build Unprecedented Housing Bubble
"Every brick we can make has already been sold up to three months in advance – the UK brickmakers can’t supply demand at the moment," exclaims the CEO of one of Britain's largest brickmakers. With The UK's housing bubble spreading from London, The Telegraph reports that stocks of bricks have reached the lowest levels on record as homebuilders rush to take advantage of the surging demand for British property (which has seen realtors and economists worry is getting out of hand).
Stockpiles of the vital building blocks dipped to 323m at the end of October, down almost a third from 500m in 2012, after stocks of more than 1bn were recorded in 2009, according to monthly reports from the Department for Business Innovation and Skills, and the Office for National Statistics.
The UK brick sector has seen a flurry of deals recently.
...
Martin Warner, chief executive of Michelmersh Brick, said: “Every brick we can make has already been sold up to three months in advance – the UK brickmakers can’t supply demand at the moment.”
The strong demand from housebuilders has seen brickmakers rush to bring back facilities. Weinerberger, Europe’s largest brickmaker, is reinstating two mothballed factories that will produce 200m-plus bricks a year.
“This capacity increase shows our absolute commitment to ensuring that enough new housing is built to meet the requirements of the market,” said Harald Schwarzmayr, managing director of Wienerberger.
Brick prices have increased by 8.8pc year-on-year to the end of September. This follows a four-year period from 2009, when the price increased by an average of 2pc a year.
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A respected group of economists, the OECD, has called on the British authorities to rein in house price growth. It is the latest in a series of warnings which suggest that house price inflation poses a threat to Britain's economic recovery.
The "heat" effect clearly spills out of the capital towards the South and West, into affluent commuter areas in Surrey and Kent, where prices are between 5pc and 10pc higher than in 2007-08. Other "thawing" is visible along the M40 and also to the north of the capital.
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We are sure this will end well.
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Well, shit a brick.
Who the hell would want to buy a house in England?
https://www.youtube.com/watch?v=V0GDcA-gqY4
"where prices are between 5pc and 10pc higher than in 2007-08". Yep That is runaway growth all right.
http://y2u.be/VI6tBwVjyOY
Why does that red mark in the map look like cancer spreading to the rest of host?
"where prices are between 5pc and 10pc higher than in 2007-08". Yep That is runaway growth all right.
http://y2u.be/VI6tBwVjyOY
Abdul, his 4 wives and their 16 children.
Everybody hates spam assholes.
Especially vegan spam assholes.
Nobody gives a shit about your hobbies.
ironic, considering that although they are the biggest, they are still just another brick in the wall.
Is a brick a fundamental object? -RP
Honestly, how does the UK economy even survive? Do they really make anything over there anymore? It seems like their entire economy is housing and finance.
Similar to Australia - digging dirt, finance and property. The US is not much better since large tracts of manufacturing have been lost. They are all debt driven 'rentier' economies. When the debt stops the collapse will come.
Manufacturing in the UK accounts for around 15% of the economy I believe - used to be 50% at one time. Even with this de-industrialisation the UK still produces a wider range of goods and more in absolute terms than previously. Still hoplessly tied to the useless bankers and financial services.
my best friend's half-sister makes $77 every hour on the computer . She has been laid off for 5 months but last month her pay check was $14292 just working on the computer for a few hours. read... www.works3.com
Tell her to go instead into the brick reclamation buisness, sending them off to London-She will make $277/an hour at least
Must be all those relocating from the Middle East....
... building mosques like crazy.
Pity they didn't run out of these bricks.....Paul Tucker to Bob Diamond: "Bob, you've been an absolute brick"
Well, in some areas of London, one is still in danger of seeing a native - i.e. a native English person, identified most readily by their pale white skin and frightened appearance.
Gotta build more to house more, you see.
Apparently, Europe would "not survive" otherwise.
If you don't want to see the English demographically replaced by immigrants - you are a racist. Stop your crimethink - now!
I thought about a vacation to London but decided it was cheaper to visit Islamabad.
I wonder if china has a strategic brick reserve sitting in bonded warehouses.......
I wish I lived posh like the Brits. They're such elegant folk! What with their crooked ass teeth and smelly colons.
Anus dentata?
And damp, moldy houses and grey, tasteless food.
I knew about the crooked teeth, but I'll take your word on the smelly colons.
Wile E Coyote happy about this
The UK may be running out of bricks, but the City of London well never run out of pricks.
I'm glad my town of Darlington is the dark blue area in North East of England. Let the Southerns wilt in the heat of overpriced housing.
Affordability bitchez!
A fellow Darlingtonian.reading ZH.
As for bricks. Predicted by me a year ago along with fencing, electrical and roofing tiles. Luckily these companies have adapted to ebb and flow and have very few employees needed to run the plants.
Up in the North our wages are so low we couldn't buy a telephone box in London.
It was this economic disparity between london and the north that led me to figuring out how the monetary system worked and predicting the crash in 2008 as everyone panic'd over debt levels and stopped mortgage lending.
Nockian: How long have you lived in Darlington?
Anyway, yes wages are lower in the North, but a lot more houses are built up here so it kind of balances thing out. Kind of. I fucking hate this housing bubble.
54 years man and boy.
A lot fewer people live up here which means a glut of low priced houses. The housing stock is also very tired and generally of poor quality plus there is a distinct lack of cultural comforts. These were all reasons advanced by various local development companies as reasons why we don't have businesses flocking up here and why we have a talent drain to the South.
The reality is that London is where all the banks are within the city mile and that's where the new money pours out into the economy first.
"where prices are between 5pc and 10pc higher than in 2007-08". Yep That is runaway growth all right.
Except 2007-08 prices were 300% higher than 2000 prices
SO...DON'T tell us there's "no inflation"...
They would have plenty if they would scrape off the gold and silver plate.
I'm perplexed. The gbp/usd just put in a 2014 low last week. Carney was gung~ho rate increases for G.B 5-6 months ago.
If you guys think the CL, Brent situation is bad, just wait until the financial "levered side" of all those trades start falling like dominoes in London.
75% of the British economy is service based.(financial services/banking) The UK is Japan with some oil, and a lower debt gdp, with MUCH less manufacturing base.
Just wait until the emerging markets exposure [deflation wave]> strong $ < comes rolling through London.
And just imagine if Scotland had the oil.
Fucking sheep.
The vote was really questionable. Tyler posted video of stacks of ballots being put in the wrong piles and being forged.
The younger age group obviously want's their own Sovereign country. Give it 5 years. ;-)
...or however long it takes to drain the North Sea's hydrocarbons dry.
lower debt gdp - no one know real gdp, i mean we all know that usa gdp is totally fake, why are you think UK gdp are true?
It's nowhere near the 253% debt load of Japan. My guestimates are about 167%.
The problem is the U.K. can't manufacture a surplus. Japan is a much larger economy with a HUGE export base.
I agree no one really knows true figures, so we have to look at shipping, energy, electricity, imports and other areas to determine sovereign health.
You fx quants and your penchant for complexity, here's a much simpler metric:
http://www.theguardian.com/news/datablog/2010/may/27/debt-deficit-oecd-c...
(old news I know, but I think the pecking order is more or less the same)
In the black= healthily sovereign
Red Ink= debt peons and wage slaves
so the states of sovereign health regarding the UK and Japan are 'proper fucked' and 'Seppuku', respectively.
Tadaaaa!
The BoE can't print them?
Maybe not houses, but walls?
Daddy's flown across the ocean
Leaving just a memory
A snap shot in the family album
Daddy what else did you leave for me?
Daddy what d'ya leave behind for me?
All in all it was just a brick in the wall
All in all it was all just bricks in the wall
You mean paper bricks won't do the trick? After all, these houses are likely going to be surplus anyways, as the huge factions of Middle Easterners in the UK are repatriated to the Middle East as the funds from abroad dry up.
UK House Price to Wage Ratio 9:1 approx
Mortgages offered on 4x Salary basis
Downpayment of 20% required to get a half decent rate.
Conclusion: UK house prices are at least 50% overvalued
Good luck buying in this market. You need your head examining.
The UK is done. Stick a fork in it.
They can probably get bricks from the many hundreds of recently demolished Palestinian homes. Both Israel and Egypt {'s US/Tel Aviv puppet regime} are destroying hundreds, while of course, Israel builds hundreds more Jewish only residences so Polish Jews, by way of Brooklyn can "return" to the area roughly corresponding to a fraction of their paternal DNA.
Waste not want not, I always say.
Then I'll huff, and I'll puff, and I'll BLOW your house in!
hahaha nice picture
Kent is in the South EAST. Just sayin'. And that little pink spot to the south of London is Brighton. Pink as pink can get.
"Now you'll make bricks WITHOUT straw! Get to work!"
*CRACK!* goes the whip...
Two words:
Vinyl Siding.
Brick is so...Dickensian.
Although cinderblock sales are much higher. This means there's going to be some stylish looking Soviet type flats for the teaming refuse that washs up on your shores.
They should make sure the floors have drains so they can easily hose them down when they switch tenants. They can list them as 'Sunny Southern California migrant camp style'.
Why even bother with bricks... You can make houses out of just straw.
It worked for one of the three pigs - until the Big Bad Wolf showed up
I hear you can make bricks from the ground up bones of bankers and politicians....
Bricks are made of clay not Ka-Ka!
England is being invaded and occupied by eastern Europe.
Millions of them.
Poles, Romanians, Bulgarians and every other European nationality you can think of.
Roma Gypsies everywhere by the tens of thousands.
Notices in Covent Garden - in Romanian - warning Romanian pick pockets they could be arrested.
Its rife. Crime everywhere.
England is one of the most densely populated countries in the world and its collapsing under the weight of immigration.
Its schools, health service, roads turning into parking lots.
Still they come and thanks to the EU we cannot control our borders.
We pay them billions in benefits.
Something like £100,000,000 a year is being paid for children in eastern Europe who have never set foot in the country. paid straight to eastern europe.
Madness.
We have to build millions of houses for them - and then the taxpayer pays their rents.
We have to build thousands of houses every week.
It is utterly crazy.
And England is losing its identity and culture.
its second language is now Polish.
Wholes towns of them and in places English is a foreign language.
Our cities are turning into muslim ghettoes.
Our towns into Eastern European occupied mini states.
The English have had it up to there!
Watch the next election in May.
and here we all thought it was the residents of the former Empire overrunning the place....
when did Britain rule Poland?
And thus is democracy quietly destroyed. For Aristocracy: more customers, thus more profits; more laborers, thus lower real wages; more soldiers to keep the Empire alive around the world, if disguised. For workers, more inflation, thus smaller pensions; more crime, and thus less privacy. The Dystopia is an overpopulated prison with internal fences. "I say to you, Mr. Prime Minister, tear down this gated-community fence."
"its second language is now Polish"
That's an improvement on Hindi & Urdu.
Wait till the Poles fall out with the Pakis up north. There'll be some real fun.
Pay back time for "Sun never sets..."
I know a girl on the dole over in London....she has 2 autistic children; Full NHS, Private schools, THREE WEEK PAID VACATION IN OR OUT OF THE UK; MODERN COUNCIL HOUSES-bus and taxi tokens, and i guess enough money left over for hundreds of dollars of tatoos and piercings and every pop concert that come to town....and you dolts begrudge people their EBT cards-which are designed to funnel money to Agribusiness and the giant food companies anyway
North St. Louis is built out of brick. Once the working whites fled the encroaching violent urban blacks it was left to ruin for 60 years. Go to N. St. Louis with a chain and a truck and do some demolition/removal. You'll make a killing.
So when does the UK have mandatory prayer rugs and loudspears for Muslim prayers?
The country has gone down the rat hole.
They already have no-go zones and musloid rape of whitey women. They are way furthur down the Sharia rathole than we are...so far.
Even their country schools are being forced to serve ONLY halal meals for the mohammedians.
Brevik was right about Multi-culturalism and moral relativism.
Thick as a Brick.
Jethro Tull https://www.youtube.com/watch?v=M9JEPeeohYs
OECD: "house price inflation poses a threat to Britain's economic recovery"
LOL. the artificial British housing bubble "is" the economic recovery.
You don't need bricks to build houses unless you are a bloody minded Brit that can only build houses the way your father and grandfather did. When I worked construction in England in the 1980s the first thing carpenters did in the morning is make a pot of tea and sharpen their hand saws.
Stick to building plywood ones in hurricane alley then you genius!
Many boats which survive hurricanes AT SEA are built of plywood. Wood is strong in both tension and compression. Concrete is only strong in compression.
Hey, the USA has plenty of bricks.
'
'
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I'm sure someone knowledgeable can produce the correlation between factories expanding or coming out of mothballs, as would be logically, exactly at the wrong time for the most efficient opportunity to take advantage of the boom as it will be bust when they are finally ready to take advantage of the deflating opportunity.
•?•
V-V
This is all back to front. The UK Government finally put some money into housing construction and supporting first time mortgages. There is (outside of London property speculators trying to provide some safe assets for foreign money looking for a home) a strong increase in new-build housing.
UK has seriously under-built housing for 25 years. A combination of useless banks, a bad planning system which doesn't release land for housing (Which means what land is available is priced too high, heavy taxation and poor infrastructure support meant nobody could be bothered building houses. Most city councils now in fact charge a bribe to allow houses to be built. They call it 'contributions' to roads, utilities, a supervision officer, a slice of a library, a bus stop ....
The brick manufacturers, who are basically all now owned by financial groups, were caught off guard counting their money, and failed to react to this growth.
UK barely has a manufacturing industry any more. They basically don't make washing machines, doors, curtain walling, floortiles, steel, anything in UK these days. They just have a financial sector -overdue for collapse *.
*Sounds like Draghi is going to put the knife into City of London as a gift to Frankfurt.
Goes without saying that to defeat nations you first need to dilute national identity, this is going on throughout the (un)developed world. It is division at the most base (ie genetic) level. The idiots in society blame the immigrants, rather like a child being forced to go to bed early and blaming the clock.
Northern England on the map is almost black, I can assure you there is no big housing boom in Yorkshire, it's all London and the South East, stockbroker belt.
There is some serious shit coming our way soon, it's palpable, even to the sheep.