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Published: 12 August 2010

Building costs rose by 1.5 per cent in July

Building costs were 1.5 per cent higher in July 2010 than in July 2009. Labour costs in construction rose by 0.3 per cent and prices of materials by 3.0 per cent in the year. Those of other inputs fell by 1.1 per cent. This is indicated by the Building Cost Index of Statistics Finland.

From June to July, the total index of building costs rose by 0.4 per cent. The prices of materials rose by 0.4 per cent. The prices for labour rose by 0.2 percent and those of other inputs rose by 0.6 percent in July 2009.

Building Cost Index (2005 = 100) and its year-on-year and month-on-month changes

Index July
2010
Change %
7/2009 - 7/2010
Change %
6/2010 - 7/2010
Building trade newbuilding      
Total index 114.5 1.5 0.4
    Labour 113.8 0.3 0.2
    Materials 116.9 3.0 0.4
    Other inputs 108.2 -1.1 0.6
       
By type of building      
Newbuilding      
    Blocks of flats 115.7 2.3 0.4
    Detached residential houses 114.5 1.5 0.5
    Office and commercial buildings 114.0 1.3 0.4
    Industrial and warehouse buildings 114.5 1.5 0.4
    Agricultural production buildings 119.1 3.5 0.6

Source: Building cost index 2010, July. Statistics Finland

Inquiries: Ms Sinikka Kanerva +358 9 1734 2231, rakennus.suhdanne@stat.fi

Director in charge: Ms Hannele Orjala

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Last updated 12.8.2010

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. July 2010. Helsinki: Statistics Finland [referred: 29.3.2024].
Access method: http://www.stat.fi/til/rki/2010/07/rki_2010_07_2010-08-12_tie_001_en.html