The group said it had held back two schemes after a slowdown in demand following the vote. They included 240 homes at a site being developed by Cambridge University WebsiteHousebuilding has become dearer since the Brexit vote as the cost of imported materials has jumped, according to the developer Hill. It added that prices for such construction materials had climbed by an average of 7 per cent following the pound’s sharp fall since Brexit. Andy Hill, chief executive of the family-run company that builds around 1,600 homes last year, said: “We have definitely seen an increase since Brexit around materials. The price wasn’t really negotiable with suppliers.”The group also said it had held back two schemes planned for…

Source: The Times April 26, 2017 13:30 UTC