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Published: 12 August 2010

Building costs rose by 1.5 per cent in July

Building costs were 1.5 per cent higher in July 2010 than in July 2009. Labour costs in construction rose by 0.3 per cent and prices of materials by 3.0 per cent in the year. Those of other inputs fell by 1.1 per cent. This is indicated by the Building Cost Index of Statistics Finland.

From June to July, the total index of building costs rose by 0.4 per cent. The prices of materials rose by 0.4 per cent. The prices for labour rose by 0.2 percent and those of other inputs rose by 0.6 percent in July 2009.

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

Index	July 2010	Change % 7/2009 - 7/2010	Change % 6/2010 - 7/2010
Building trade newbuilding
Total index	114.5	1.5	0.4
Labour	113.8	0.3	0.2
Materials	116.9	3.0	0.4
Other inputs	108.2	-1.1	0.6
By type of building
Newbuilding
Blocks of flats	115.7	2.3	0.4
Detached residential houses	114.5	1.5	0.5
Office and commercial buildings	114.0	1.3	0.4
Industrial and warehouse buildings	114.5	1.5	0.4
Agricultural production buildings	119.1	3.5	0.6

Source: Building cost index 2010, July. 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 12.8.2010