Home > Statistics > Building and dwelling production > 2020 > August > Cubic volume of granted building permits decreased further year-on-year

Published: 20 October 2020

Cubic volume of granted building permits decreased further year-on-year

According to Statistics Finland, in June to August 2020, building permits were granted for a total of 8.8 million cubic metres, 24.7 per cent less than one year ago. The cubic volume granted for residential building construction went down by 20.6 per cent and the cubic volume granted for other than residential building construction by 26.2 per cent. The cubic volume of building permits granted during the summer decreased considerably for all building types from one year ago.

Granted building permits and building starts, mil. m3, moving annual total

Cubic volume granted for residential building construction decreased

In June to August, clearly fewer building permits for residential building construction were granted than one year ago, 2.5 million cubic metres in total. One year earlier, the corresponding figure was 3.1 million cubic metres. The cubic volume granted for blocks of flats decreased by 20.4 per cent and that for detached and semi-detached houses by 18.2 per cent from one year ago.

Building permits were granted in total for 8,024 dwellings in June to August. The number was 19.6 per cent lower than one year earlier. At the same time, construction of a total of 10,849 dwellings was started and 11,387 dwellings were completed.

Volume of building production decreased

In June to August, the constant-price value or the volume of ongoing building production decreased by 5.2 per cent year-on-year. The volume of residential building construction decreased by 4.5 per cent and that of other than residential building construction by 5.6 per cent. At the same time, building projects totalling 10,6 million cubic metres were started, 15.0 per cent less than one year earlier. The number of residential building starts was 3.0 per cent lower than one year ago.

The prices of the volume index of newbuilding have been updated in connection with the release.

Volume index of newbuilding 2015=100, trend

Preliminary data for September

For the time being, Statistics Finland publishes preliminary data on building projects started. This time series is available from 2018 onwards.

According to preliminary data, the moving annual total of building projects started grew in September by 4.0 per cent compared to August. As a result of the strong early part of the year and the starts in autumn, the moving annual total of the volume grew by 4.2 per cent in September from one year ago.

 

Preliminary registered starts, mil. m3, moving annual total

The figures are not comparable with the estimated starts given in the publications. Preliminary data are based on registered starts and their values are not supplemented from the first publication.

Source: Building and dwelling production, Statistics Finland

Inquiries: Kalle Laukkanen 029 551 3017, Merja Järvinen 029 551 2458, Petri Kettunen 029 551 3558, rakennus.suhdanne@stat.fi

Head of Department in charge: Hannele Orjala

Publication in pdf-format (235.3 kB)

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Appendix tables

• Appendix table 1. Building production, three month total and year-on-year change (20.10.2020)
• Appendix table 2. Preliminary registered starts, m3, moving annual total and month-on-month change (20.10.2020)

Revisions in these statistics

• Revisions in these statistics (20.10.2020)

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Updated 20.10.2020