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Published: 28 September 2021

Cubic volume covered of granted building permits higher than one year earlier

According to Statistics Finland’s data, in May to July 2021 building permits were granted for a total of 11.1 million cubic metres, 6.8 per cent more than one year ago. Over the period, building permits for residential building projects were granted for a total of 3.7 million cubic metres, up by 26.0 per cent. The cubic volume of other than residential building construction went down by 0.7 per cent from one year ago.

Granted building permits and building starts, mil. m3, moving annual total

Cubic volume granted for residential building continued to grow strongly in May to July

Of the 3.7 million cubic metres granted in May to July for residential building projects, the share of blocks of flats projects was 1.9 million and that of detached house projects 1.7 million cubic metres. The cubic volume granted for blocks of flats grew by 28.7 per cent and that for detached and semi-detached houses by 21.1 per cent from one year ago.

Building permits were granted in total for 11,361 dwellings during May to July. The figure was 27.9 per cent higher than one year previously. Over the same period, construction of a total of 13,946 dwellings was started, up by 45.4 per cent from the year before. The number of completed dwellings was 8,582.

Volume of residential building production still grew rapidly

In May to July, the constant-price value or the volume of ongoing building production increased by 0.9 per cent year-on-year. The volume of residential building construction increased by 8.8 per cent, while that of other than residential building construction decreased by 4.6 per cent. At the same time, building projects totalling 11.6 million cubic metres were started. Residential building starts totalled 4.3 million cubic metres, 36.7 per cent more than one year ago.

Volume index of newbuilding 2015=100, trend

Preliminary data for August

For the time being, Statistics Finland publishes preliminary data on building projects started. This time series is available from 2018 onwards.

According to preliminary data, the moving annual total of building projects started grew in August by 4.1 per cent from July. The moving annual total of the volume was still briskly growing by 18.3 per cent compared to the year before.

Preliminary registered starts, mil. m3, moving annual total

The figures are not comparable with the estimated starts given in the publications. Preliminary data are based on registered starts and their values are not supplemented from the first publication.

Source: Building and dwelling production, Statistics Finland

Inquiries: Kalle Laukkanen 029 551 3017, Merja Järvinen 029 551 2458, Petri Kettunen 029 551 3558, rakennus.suhdanne@stat.fi

Head of Department in charge: Hannele Orjala

Publication in pdf-format (240.4 kB)

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Appendix tables

• Appendix table 1. Building production, three month total and year-on-year change (28.9.2021)
• Appendix table 2. Preliminary registered starts, moving annual total and month-on-month change (28.9.2021)

Revisions in these statistics

• Revisions in these statistics (28.9.2021)

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Updated 28.9.2021