Building costs rose by 9.4 per cent in April year-on-year

Statistics:

Building cost index

Reference period:

2022, April

Published:

13/05/2022

Next release:

15/06/2022

According to Statistics Finland, building costs rose by 9.4 per cent in April 2022 from one year back. The costs of materials and several commodity groups rose particularly. Among materials, the prices of steel structures rose most. In April, the costs of timber structures made a clear upturn again and were close to the peak experienced in September 2021.

Line chart. The starting point of the index in 2000 is 100. The figure shows the index point figures of the Building Cost Index 2000=100 by cost item: total index, labour inputs, materials, services. The index has risen slightly year by year as concerns the total index, labour, materials and services. At the turn of 2008 and 2009, the fall in the prices of services and materials also turned the total index into a decline for around one year. In summer 2021, there was a sharp rise in the prices of materials, which pushed the total index up considerably.

Key points

Building costs rose by 9.4 per cent year-on-year.
The costs of materials rose by 15.2 per cent from one year back.
Labour costs went up by 3.6 per cent from one year back.
The prices of services increased by 1.7 per cent from one year ago.
The total index went up by 2.3 per cent from the month before.

Tables

See key statistical data in the tables.

13.05.2022

Building Cost Index 2021=100, April 2022

	Index figure	Monthly change, %	Annual change, %
0 Total index	106.8	2.3	9.4
01 Labour	102.0	0.1	3.6
02 Materials	111.2	4.1	15.2
03 Services	101.1	0.8	1.7

13.05.2022

Building Cost Index 2021=100 by purpose of use, April 2022

	Index figure	Monthly change, %	Annual change, %
0 Total index	106.8	2.3	9.4
01 Residential building	106.5	2.4	9.1
02 Other building construction	107.0	2.3	9.7

13.05.2022

Building Cost Index 2021=100 by input heading, April 2022

	Index figure	Monthly change, %	Annual change, %
0 TOTAL INDEX	106.8	2.3	9.4
01 LABOUR	102.0	0.1	3.6
02 MATERIALS	111.2	4.1	15.2
02.1 AREA	104.2	2.9	4.2
02.1.1 Soil	104.1	3.0	3.6
02.1.2 Construction site surface structures	103.9	2.7	4.9
02.1.3 House equipment	107.1	2.6	8.2
02.2 HOUSE	114.2	6.0	20.2
02.2.1 Concrete, bricks and blocks	110.1	3.9	12.2
02.2.2 Precast concrete units	116.5	6.4	21.2
02.2.3 Timber structures	117.0	15.9	34.5
02.2.4 Steel structures	126.3	6.5	38.4
02.2.5 Roofing materials	110.8	3.9	16.8
02.2.6 Heat insulation	112.8	4.8	11.6
02.2.7 Windows and doors	111.3	0.8	15.9
02.3 FACILITIES	108.5	2.2	11.0
02.3.1 Frame structures	114.9	4.5	21.9
02.3.2 Surface materials	107.9	2.3	8.9
02.3.3 Fixtures, taps and household appliances	104.3	0.2	5.0
02.4 TECHNICAL SYSTEMS	110.1	2.3	12.9
02.4.1 Heat, water and sewer	108.5	0.4	11.6
02.4.2 Ventilation	109.6	0.3	13.9
02.4.3 Electricity, control, lighting and lift	110.8	3.8	13.0
03 SERVICES	101.1	0.8	1.7
03.1 SITE AND FIXTURE SERVICES	101.0	1.0	1.6
03.1.1 Transport	108.7	5.5	9.6
03.1.2 Mechanical work and hoisters	98.5	0.5	0.4
03.1.3 Site facilities, scaffolding and weather protection	94.6	-2.0	-5.3
03.1.4 Moulding equipment and supporting	103.1	0.2	3.9
03.1.5 Waste charges	102.6	0.0	2.6
03.1.6 Site energy	91.5	-6.3	-8.4
03.2 OTHER SERVICES	101.2	0.0	2.0
03.2.1 Insurance	103.2	0.0	3.9
03.2.2 Connection charges	100.3	0.0	1.0