Brickmakers hit by easing housing market

6th December 2007, Comments 0 comments

Building-material manufacturers are reporting sharp falls in demand.

6 December 2007

MADRID - Building-material manufacturers, particularly brickmakers, are reporting sharp falls in demand as a result of the slowdown in Spain's once-booming housing market.

Factories in Bailén in the southern province of Jaén, where some 30 percent of Spain's brick factories are located, are having to halt activity in order to reduce supply to stop prices falling. The industry association Hispalyt says output has been flat since July compared with the previous year.

"Demand has fallen by about 30 percent and many factories have no alternative other than to shut down for a while," says José Alcalá, the chairman of the Jaén ceramic manufacturers' association. The slowdown has been particularly marked on the southern Mediterranean coast.

[Copyright EL PAÍS, SL./ GINÉS DONAIRE / LARA OTERO 2007]

Subject: Spanish news