Published: 23 March 2012
In January 2012, building permits were granted for a total of around 1.5 million cubic metres, which is 25.4 per cent less than one year ago. This is indicated by Statistics Finland’s preliminary data from statistics on building and dwelling production.
Granted permits and building starts, mil. m3, variable annual sum
The cubic volume covered by permits for residential buildings fell by five per cent year-on-year. The cubic volume covered by permits for detached houses decreased by six cent and that for residential blocks of flats by 14 per cent. By contrast, the cubic volume covered by permits granted for terraced houses grew by 42 per cent from one year back. The cubic volume covered by permits for other than residential building construction fell by good 34 per cent from January 2011.
The cubic volume covered by permits granted for industrial and warehouse buildings fell most, or by 62 per cent. The fall in the cubic volume in January 2012 is partly explained by two warehouse building projects with high cubic volumes for which building permits were granted in January 2011.
The cubic volumes covered by permits for commercial and office buildings, and for public service buildings decreased year-on-year.
In January 2012, building permits were granted for 1,409 new dwellings, which is 11 per cent fewer than one year earlier.
In January 2012, the constant-price value, or the volume of ongoing building production was up by 1.1 per cent year-on-year. The volume of residential building construction diminished by 1.3 per cent from January 2011.
The volume of residential building construction has been falling since September last year. The volume of detached house construction has been contracting since last spring. In January, the volume of construction of detached houses diminished by 6.1 per cent from one year back. At the same time, the volume of construction of residential blocks of flats grew by 5.1 per cent and that of terraced houses by 11.4 per cent.
The volume of construction of industrial and warehouse buildings increased by 10.6 per cent. The volume of industrial building construction grew by 7.5 per cent and that of warehouse building construction by 15.5 per cent from January 2011.
The volume of construction of commercial and office buildings grew by 4.5 per cent and that of other than residential buildings by 3.5 per cent from 2011.
The volume of public service building construction fell by 11.4 per cent year-on-year in January.
Volume index for newbuilding 2005=100, trend
Source: Building and dwelling production, Statistics Finland
Inquiries: Heli Suonio 09 1734 2481, Merja Järvinen 09 1734 2458
Director in charge: Hannele Orjala
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