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Published: 11 July 2008

Building costs rose by 4.5 per cent in twelve months

Building costs rose by 4.5 per cent from June 2007 to June 2008. Labour costs in construction went up by 4.4 per cent, prices of materials by 4.1 per cent and those of other inputs by 5.8 per cent year-on-year. This is indicated by the building cost index of Statistics Finland.

From May to June 2008, the total index of building costs rose by 0.3 per cent. The prices for labour went up by 0.3 per cent, the prices of materials by 0.2 per cent and those for other inputs by 0.7 per cent.

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

Index June
2008
Change %
6/2007 - 6/2008
Change %
5/2008 - 6/2008
Building trade newbuilding      
Total index 114.8 4.5 0.3
    Labour 110.4 4.4 0.3
    Materials 116.8 4.1 0.2
    Other inputs 117.0 5.8 0.7
       
By type of building      
Newbuilding      
    Blocks of flats 114.9 4.4 0.3
    Detached residential houses 114.8 3.5 0.0
    Office and commercial buildings 114.3 4.8 0.5
    Industrial and warehouse buildings 114.9 4.7 0.5
    Agricultural production buildings 120.6 3.2 -0.5

Source: Building cost index 2008, June. 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 11.7.2008

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. June 2008. Helsinki: Statistics Finland [referred: 29.3.2024].
Access method: http://www.stat.fi/til/rki/2008/06/rki_2008_06_2008-07-11_tie_001_en.html