Published: 28 August 2012
According to the preliminary data of Statistics Finland's statistics on building and dwelling production, in the April to June period of 2012 building permits were granted for a total of 12.5 million cubic metres, which is 16.4 per cent less than one year ago. The cubic volume covered by permits granted for residential buildings fell by 15 per cent over the same period.
Granted permits and building starts, mil. m3, variable annual sum
In June 2012, building permits were granted for a total of 5.5 million cubic metres, which is 13.4 per cent less than one year earlier. This is indicated by Statistics Finland’s preliminary data from statistics on building and dwelling production.
The cubic volume covered by permits granted for residential buildings decreased by 16.6 per cent in June. The biggest decrease of 22 per cent was recorded in the cubic volume covered by permits for residential blocks of flats. The cubic volume covered by permits for detached houses decreased by 13.5 per cent and that for terraced houses by 9.8 per cent.
The cubic volume covered by permits granted for other than residential buildings was 12.1 per cent lower this June than in June 2011.
The cubic volume covered by permits granted for industrial and warehouse buildings decreased by 33.7 per cent. The growth in the cubic volume covered by permits for commercial and office buildings amounted to 21.9 per cent in June compared with one year back.
In June 2012, building permits were granted for 3,865 dwellings, which is 17.1 per cent less than one year earlier. The number of permits granted for dwellings in terraced houses fell most.
In June 2012, the constant-price value or the volume of ongoing building production decreased by 4.3 per cent year-on-year. The volume of residential building construction contracted by 2.1 per cent from June 2011.
The growth in the volume of residential building slowed down from spring 2011 onwards and started to fall in the autumn of that year. The volume of detached houses has particularly decreased.
In June, the volume of construction of detached houses diminished by five per cent from one year back. At the same time, the volume of construction of residential blocks of flats grew by 1.2 per cent and the volume of construction of terraced houses by 1.8 per cent.
The volume of other than residential building construction went down by 6.3 per cent in June.
The volume of construction of industrial and warehouse buildings diminished most, or by 24.5 per cent from one year ago. The volume of construction of commercial and office buildings fell by 3.4 per cent over the same period.
The volume of public service building construction grew by 1.4 per cent in June from last year's June.
Volume index for newbuilding 2005=100, trend
Source: Building and dwelling production, Statistics Finland
Inquiries: Merja Järvinen 09 1734 2458, Heli Suonio 09 1734 2481
Director in charge: Hannele Orjala
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