Cubic volume covered by granted building permits fell by 16 per cent in the second quarter of 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 the release the data indicated with an asterisk (*) are preliminary data.

Cubic volume covered by granted building permits decreased by 13 per cent in June

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.

Volume of newbuilding went down by good 4 per cent in June

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

Publication in pdf-format (12 pages 360.6 kB)

Tables

Tables in databases

Building and dwelling production

Appendix tables

Appendix table 1. Building permits, 1000 m3 (28.8.2012)
Appendix table 2. Building permits monthly, 1000 m3 (28.8.2012)
Appendix table 3. Building permits for dwellings, No. (28.8.2012)
Appendix table 4. Building permits by region (28.8.2012)
Appendix table 5. Volume index of newbuilding 2005=100 (28.8.2012)
Appendix table 6. Newbuilding 2. quarter, 2012*, mil. m3 (28.8.2012)
Appendix table 7. Building permits, mil. m3 (28.8.2012)
Appendix table 8. Building starts, mil. m3 (28.8.2012)
Appendix table 9. Building completions, mil. m3 (28.8.2012)
Appendix table 10. Volume index of newbuilding 2005=100 (28.8.2012)
Appendix table 11. Dwelling construction by building type 2003-2012, number, building permits and building starts (28.8.2012)
Appendix table 12. Dwelling constructions by building type 2003-2012, number, buildings under construction and building completions (28.8.2012)

Figures

Appendix figure 1. Housing production, sliding annual sum (28.8.2012)
Appendix figure 2. Office and commercial buildings, sliding annual sum (28.8.2012)
Appendix figure 3. Industrial buildings and warehouses, sliding annual sum (28.8.2012)
Appendix figure 4. Volume index for newbuilding 2005=100, annual change % (28.8.2012)

Updated 28.8.2012

Referencing instructions:

Official Statistics of Finland (OSF): Building and dwelling production [e-publication].
ISSN=1798-9590. June 2012. Helsinki: Statistics Finland [referred: 24.5.2013].
Access method: http://www.stat.fi/til/ras/2012/06/ras_2012_06_2012-08-28_tie_001_en.html.

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