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Published: 14 May 2021

Building costs rose by 2.0 per cent in April year-on-year

According to Statistics Finland, building costs rose by 2.0 per cent in April 2021 year-on-year. The costs of materials went up by 2.8 per cent and labour costs by 1.4 per cent. The prices of services fell by 0.1 per cent from one year ago. Among materials especially the prices of timber and steel structures went up.

Long term development of the Building Cost Index

From March to April, the total index of building costs rose by 0.5 per cent. The prices of materials rose by 1.2 per cent. The prices of labour costs went down by 0.2 per cent and those of services by 0.6 per cent from the month before.

Building cost index 2015=100, April 2021

Professional construction of new buildings		Weights	Index	Monthly change, %	Annual change, %
Total index		1000	106.2	0.5	2.0
By type of cost	Labour inputs	400	105.2	-0.2	1.4
	Materials	510	107.7	1.2	2.8
	Services	90	102.9	-0.6	-0.1
By purpose of use	Residential building	440	106.4	0.7	2.2
	Other building construction	560	106.1	0.4	1.8

Source: Building cost index, Statistics Finland

Inquiries: Liina Arhosalo 029 551 3612, Merja Järvinen 029 551 2458, info@stat.fi

Head of Department in charge: Hannele Orjala

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Appendix tables

• Appendix table 1. Input indices 2015=100, April 2021 (14.5.2021)
• Appendix table 2. Residential building 2015=100, April 2021 (14.5.2021)

Figures

• Appendix figure 1. Input indices 2015=100, largest annual changes, per cent (14.5.2021)
• Appendix figure 2. Index clause sub-indices P 2000=100 (14.5.2021)

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Updated 14.05.2021