Cubic volume covered by granted building permits fell by 18 per cent in the third quarter of 2012 from last year

According to the preliminary data of Statistics Finland's statistics on building and dwelling production, in July-September 2012 building permits were granted for a total of 7.3 million cubic metres, which is 17.7 per cent less than one year ago. The cubic volume covered by permits granted for residential buildings fell by 9.7 per cent over the same period.

Building permits granted 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 good 26 per cent in September

In September 2012, building permits were granted for a total of 2.6 million cubic metres, which is 26.4 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 23.1 per cent in September. Measured by volume, permits for both detached houses and residential blocks of flats went down: detached houses by 27.8 per cent and residential blocks of flats by 23.5 per cent. The cubic volume covered by permits for terraced houses grew by 7.7 per cent in September from one year ago.

The cubic volume covered by permits granted for other than residential buildings was 28.2 per cent lower this September than in September 2011.

The cubic volume covered by permits granted decreased in September for all major building types: public service buildings by 41.3 per cent, industrial and warehouse buildings by 36.5 per cent, and commercial and office buildings by 15.5 per cent.

In September 2012, building permits were granted for 2,467 dwellings, which is 19.5 per cent less than one year earlier. The number of permits for detached houses decreased most.

The volume of newbuilding dropped in September by nearly 11 per cent from one year back

In September 2012, the constant-price value or the volume of ongoing building production decreased by 10.9 per cent year-on-year. The volume of residential building construction contracted by 8.2 per cent from September 2011.

The slowdown in housing construction is especially visible in the volume of detached houses, which decreased by 10.5 per cent from last year. At the same time, the volume of construction of residential blocks of flats contracted by 5.4 per cent and that of terraced houses by 1.4 per cent.

The volume of other than residential building construction went down by 13.5 per cent in September.

In September, the volume of construction of industrial and warehouse buildings diminished most, by 30.5 per cent from one year ago. The volume of construction of commercial and office buildings fell by 12.9 per cent over the same period.

The volume of public service building construction grew by 2.9 per cent in September from last year's September.

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

Publication in pdf-format (12 pages 363.6 kB)

Tables

Tables in databases

Building and dwelling production

Appendix tables

Appendix table 1. Building permits, 1000 m3 (27.11.2012)
Appendix table 2. Building permits monthly, 1000 m3 (27.11.2012)
Appendix table 3. Building permits for dwellings, No. (27.11.2012)
Appendix table 4. Building permits by region (27.11.2012)
Appendix table 5. Volume index of newbuilding 2005=100 (27.11.2012)
Appendix table 6. Newbuilding 3. quarter, 2012*, mil. m3 (27.11.2012)
Appendix table 7. Building permits, mil. m3 (27.11.2012)
Appendix table 8. Building starts, mil. m3 (27.11.2012)
Appendix table 9. Building completions, mil. m3 (27.11.2012)
Appendix table 10. Volume index of newbuilding 2005=100 (27.11.2012)
Appendix table 11. Dwelling construction by building type 2003-2012, number, building permits and building starts (27.11.2012)
Appendix table 12. Dwelling constructions by building type 2003-2012, number, buildings under construction and building completions (27.11.2012)

Figures

Appendix figure 1. Housing production, sliding annual sum (27.11.2012)
Appendix figure 2. Office and commercial buildings, sliding annual sum (27.11.2012)
Appendix figure 3. Industrial buildings and warehouses, sliding annual sum (27.11.2012)
Appendix figure 4. Volume index for newbuilding 2005=100, annual change % (27.11.2012)

Updated 27.11.2012

Referencing instructions:

Official Statistics of Finland (OSF): Building and dwelling production [e-publication].
ISSN=1798-9590. September 2012. Helsinki: Statistics Finland [referred: 9.5.2013].
Access method: http://www.stat.fi/til/ras/2012/09/ras_2012_09_2012-11-27_tie_001_en.html.

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