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Published: 12 July 2010

Building costs rose by 1.1 per cent in June

Building costs were 1.1 per cent higher in June 2010 than in June 2009. Labour costs in construction rose by 0.1 per cent and prices of materials by 2.7 per cent in the year. Those of other inputs fell by 2.2 per cent. This is indicated by the Building Cost Index of Statistics Finland.

From May to June, the total index of building costs rose by 0.3 per cent. The prices of materials rose by 0.6 per cent. The prices for labour and those of other inputs were the same as in June 2009.

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

Index June
2010
Change %
6/2009 - 6/2010
Change %
5/2010 - 6/2010
Building trade newbuilding      
Total index 114.1 1.1 0.3
    Labour 113.5 0.1 0.0
    Materials 116.4 2.7 0.6
    Other inputs 107.6 -2.2 0.0
       
By type of building      
Newbuilding      
    Blocks of flats 115.2 2.0 0.4
    Detached residential houses 113.9 1.0 0.4
    Office and commercial buildings 113.6 0.9 0.2
    Industrial and warehouse buildings 114.1 1.0 0.3
    Agricultural production buildings 118.4 3.1 1.1

Source: Building cost index 2010, June. 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 12.7.2010

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. June 2010. Helsinki: Statistics Finland [referred: 28.3.2024].
Access method: http://www.stat.fi/til/rki/2010/06/rki_2010_06_2010-07-12_tie_001_en.html