Home > Statistics > Building cost index > 2010 > November > Building costs rose by 2.3 per cent in November

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