Published: 24 July 2018

Cubic volume covered by granted building permits declined in March to May year-on-year

According to Statistics Finland, 17.7 per cent fewer building permits were granted in March to May 2018 than in the corresponding period of one year earlier. The cubic volume covered by permits granted for commercial and office buildings declined most, by 29.0 per cent. The cubic volume covered by permits for industrial and warehouse building and residential building construction also decreased significantly. By contrast, the volume of public service building construction went up by 11.4 per cent year-on-year.

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

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

Fewer permits granted for residential building construction

In March to May, cubic metres covered by permits for residential buildings amounted to 3.3 million cubic metres, which is 25.8 per cent less than one year earlier. The cubic volume covered by permits for residential blocks of flats fell most, by 35.8 per cent, which was affected by the exceptionally high cubic volume of granted permits one year ago. The cubic volume granted for detached houses went down by 13.0 per cent from one year back. Building permits were granted in total for 11,063 dwellings in March to May. The figure was 25.9 per cent lower than one year earlier.

Volume of building production is still growing

In March to May 2018, the constant-price value or the volume of ongoing building production increased by 9.6 per cent year-on-year. The volume of residential building construction increased in the period by 13.9 per cent and that of other than residential building construction by 6.1 per cent. Measured by volume, 11.0 per cent more building projects than one year earlier were started in the same period. The number of residential building starts was 11.8 per cent higher than one year ago.

Volume index of newbuilding 2010=100, trend

Volume index of newbuilding 2010=100, trend

Data of the statistics on building and dwelling production

The data of the statistics on building and dwelling production are based on the building permit data of the Population Register Centre. The register data are supplemented as municipal building supervisors provide data to the Population Information System and the now published data can become revised in future releases.


Source: Building and dwelling production, Statistics Finland

Inquiries: Atte Kyrölä 029 551 3658, Merja Järvinen 029 551 2458, Heli Suonio 029 551 2481, rakennus.suhdanne@stat.fi

Director in charge: Mari Ylä-Jarkko

Publication in pdf-format (221.2 kB)

Tables

Tables in databases

Appendix tables

Revisions in these statistics

Updated 24.7.2018

Referencing instructions:

Official Statistics of Finland (OSF): Building and dwelling production [e-publication].
ISSN=1798-9590. May 2018. Helsinki: Statistics Finland [referred: 16.8.2018].
Access method: http://www.stat.fi/til/ras/2018/05/ras_2018_05_2018-07-24_tie_001_en.html