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Published: 12 April 2010

Building costs fell by 0.5 per cent in March

Building costs were 0.5 per cent lower in March 2010 than in March 2009. Labour costs in construction fell by 0.3 per cent and those of other inputs by 2.5 per cent in the year. By contrast, prices of materials rose by 0.1 per cent. This is indicated by the Building Cost Index of Statistics Finland.

From February to March, the total index of building costs rose by 0.2 per cent. The prices for labour and those of other inputs were the same than in February. By contrast, the prices of materials rose by 0.4 per cent from February.

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

Index March
2010
Change %
3/2009 - 3/2010
Change %
2/2010 - 3/2010
Building trade newbuilding      
Total index 113.2 -0.5 0.2
    Labour 114.5 -0.3 0.0
    Materials 114.2 0.1 0.4
    Other inputs 107.7 -2.5 0.0
       
By type of building      
Newbuilding      
    Blocks of flats 113.9 0.0 0.3
    Detached residential houses 112.9 -0.8 0.1
    Office and commercial buildings 113.1 -0.1 0.2
    Industrial and warehouse buildings 113.3 -0.9 0.2
    Agricultural production buildings 115.5 -0.3 0.5

Source: Building cost index 2010, 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 12.4.2010

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. March 2010. Helsinki: Statistics Finland [referred: 23.12.2024].
Access method: http://www.stat.fi/til/rki/2010/03/rki_2010_03_2010-04-12_tie_001_en.html