Home > Statistics > Building cost index > 2008 > March > Building costs rose by 5.4 per cent in twelve months

Published: 11 April 2008

Building costs rose by 5.4 per cent in twelve months

Building costs rose by 5.4 per cent from March 2007 to March 2008. Labour costs in construction went up by 4.9 per cent, prices of materials by 5.4 per cent and those of other inputs by 6.3 per cent year-on-year. This is indicated by the building cost index of Statistics Finland.

From February to March 2008, the total index of building costs rose by 1.2 per cent. The prices for labour rose by 3.0 per cent, whereas those for materials rose by 0.4 per cent and other inputs rose by 0.6 per cent.

Building Cost Index (2005 = 100) and its year-on-year and month-on-month changes

Index	March 2008	Change % 3/2007 - 3/2008	Change % 2/2008 - 3/2008
Building trade newbuilding
Total index	113.8	5.4	1.2
Labour	109.9	4.9	3.0
Materials	115.8	5.4	0.4
Other inputs	115.0	6.3	0.6
By type of building
Newbuilding
Blocks of flats	114.6	6.0	1.3
Detached residential houses	114.5	5.5	1.2
Office and commercial buildings	113.0	5.4	1.1
Industrial and warehouse buildings	113.4	4.7	1.2
Agricultural production buildings	121.4	7.3	1.0

Source: Building cost index 2008, March. Statistics Finland

Inquiries: Ms Sinikka Kanerva +358 9 1734 2231, rakennus.suhdanne@stat.fi

Director in charge: Ms Hannele Orjala

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Last updated 11.4.2008