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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Updated 14.05.2021
Official Statistics of Finland (OSF):
Building cost index [e-publication].
ISSN=1799-5841. April 2021. Helsinki: Statistics Finland [referred: 22.12.2024].
Access method: http://www.stat.fi/til/rki/2021/04/rki_2021_04_2021-05-14_tie_001_en.html