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Housing and construction

Growth in building costs evened out in November 2022

release | Building cost index 2022, November

According to Statistics Finland, building costs rose by 5.5 per cent in November 2022 from one year back. Nevertheless, the monthly change in the total index dropped to zero and was negative in several input headings. Among materials, the biggest increases in the year were recorded in heat insulation (20.9%). Costs decreased most per month in steel structures (-1.8%) and roofing materials (-5.1%).

Key selections

  • Building costs rose by 5.5 per cent from one year ago.
  • The costs of materials rose by 8.9 per cent from one year back.
  • The prices of services increased by 4.8 per cent from one year ago.
  • Costs decreased most per month in steel structures (-1.8%) and roofing materials (-5.1%).
  • The total index went down by -0.0 per cent from the month before.

The rise in building costs is slowing down

There are signs of slowing down in the rise in building costs. This can be seen, for example, from negative monthly changes in roofing materials (-5.1%), steel structures (-1.8%) and timber structures (-0.6%).

Figures

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Index clause sub-indices P 2000=100, 2000M01-2022M11

Tables

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Building Cost Index 2021=100, November 2022

Building Cost Index 2021=100 by purpose of use, November 2022

Building Cost Index 2021=100 by input heading, November 2022

Database tables

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Updated database tables
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Aaro Laakkonen
Senior Statistician
029 551 3868
Head of Department in charge