Published: 10 December 2010
Building costs rose by 2.3 per cent in November
Building costs were 2.3 per cent higher in November 2010 than in November 2009. Labour costs in construction rose by 0.5 per cent and prices of materials by 3.8 per cent in the year. Those of other inputs rose by 1.1 per cent. This is indicated by the Building Cost Index of Statistics Finland.
Building Cost Index (2005=100) and its year-on-year and month-on-month changes
Index | November 2010 |
Change % 11/2009 - 11/2010 |
Change % 10/2010 - 11/2010 |
|
Building trade newbuilding | ||||
Total index | 115.1 | 2.3 | 0.0 | |
Labour | 114.3 | 0.5 | 0.0 | |
Materials | 117.5 | 3.8 | -0.2 | |
Other inputs | 109.0 | 1.1 | 0.6 | |
By type of building | ||||
Newbuilding | ||||
Blocks of flats | 116.5 | 3.1 | 0.0 | |
Detached residential houses | 115.1 | 2.4 | -0.1 | |
Office and commercial buildings | 114.6 | 2.1 | 0.0 | |
Industrial and warehouse buildings | 115.1 | 2.1 | 0.0 | |
Agricultural production buildings | 120.2 | 4.6 | 0.1 |
From October to November, the total index was nearly the same than in October. The prices for labour were also nearly the same. The prices of materials fell by 0.2 per cent. By contrast the prices for those of other inputs rose by 0.6 per cent.
Source: Building cost index 2010, November. 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 10.12.2010
Official Statistics of Finland (OSF):
Building cost index [e-publication].
ISSN=1799-5841. November 2010. Helsinki: Statistics Finland [referred: 18.8.2024].
Access method: http://www.stat.fi/til/rki/2010/11/rki_2010_11_2010-12-10_tie_001_en.html