Cubic volume of granted building permits decreased by 17 per cent year-on-year in June to August 2024
According to Statistics Finland, building permits for newbuilding were granted for a total of 6.5 million cubic metres between June to August 2024, which was 17 per cent less than one year earlier. Over the period, building projects totalling 6.1 million cubic metres were completed, which was 30 per cent down from one year earlier.
Key selections
- The cubic volume of building permits granted in June to August 2024 for residential buildings decreased by 26 per cent and the cubic volume for other than residential building construction by 14 per cent from one year ago.
- Building permits were granted for a total of 3,916 dwellings, which was 33 per cent fewer than one year earlier.
- In June to August 2024, the constant-price value or the volume of ongoing building production went down by 13 per cent year-on-year.
- The data for the latest 24 months of building projects started are estimated values, and they will become revised most during around 12 months from the first release.
Cubic volume covered by granted building permits was bigger than one year ago in five regions
Measured by cubic volume, most building permits for newbuilding were granted in Uusimaa and Pirkanmaa in June to August 2024. In five regions the cubic volume granted in June to August was bigger than the number of permits one year ago.
In June to August 2024, the cubic volume of completed building projects was highest in Uusimaa and Southwest Finland. In four regions the cubic volume of completed building projects grew from a year ago.
On the level of the whole country, 6,096 new dwellings were completed in building projects in June to August, which was 46 per cent fewer than in the corresponding period one year earlier. Among the regions, the highest numbers of dwellings were completed in Uusimaa, 3,072. Compared to the previous year, the number of completed new dwellings increased only in the region of Kymenlaakso.
Figures
Volume index of newbuilding 2015=100, trend, in 2001M01 to 2024M08
Granted building permits by region, m3, moving annual total, 2024M08
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