Value of renovation building fell in the third quarter of 2024

Release related to topics:Housing and construction
release | Trend indicator of renovation building 2024, 3rd quarter

According to Statistics Finland, the value of renovation building made by building construction enterprises fell by 5.5 per cent in the third quarter of 2024 compared to one year ago.

Key selections

  • The value of newbuilding fell by 7.5 per cent from one year back in the third quarter of 2024.
  • The value of renovation building has fallen for 18 months.
  • In both renovation and newbuilding the weakening rate of the economic cycle slowed down considerably after the first quarter of the year.

Figures

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Trend development of renovation and newbuilding by quartal, 2021=100, 2021Q1-2024Q3

Database tables

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Updated database tables
Classifications used:
  • Target of construction
Reference period cycle:
quarter
Updating frequency:
quarter
Updated:
Classifications used:
  • Target of construction
  • Revision
Reference period cycle:
quarter
Updating frequency:
quarter
Updated:

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Documentation

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Go to documentation of the statistics

Referencing instructions

Trend indicator of renovation building [online publication].
Reference period: 2024, 3rd quarter. Helsinki: Statistics Finland [Referenced: 25.12.2024].
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Statistical experts

Inquiries primarily

Eetu Toivanen
Senior Statistician
029 551 3331

Head of Department in charge

Hannele Orjala
Head of Department in charge
029 551 3582