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Published: 20 December 2019

Cubic volume of granted building permits declined in October

According to Statistics Finland, in August to October 2019, building permits were granted for a total of 7.9 million cubic metres, which is 5.6 per cent less than one year ago. Examined by building type, the cubic volume covered by permits increased in commercial and office buildings. The cubic volumes of other buildings decreased.

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

Cubic volume granted for for residential buildings lower than one year earlier

In August to October, cubic metres covered by permits for residential buildings amounted to 2.3 million cubic metres, which is 8.6 per cent less than one year earlier. In residential building, the cubic volume of detached and terraced houses increased by 11.9 per cent from one year ago. The cubic volume of residential blocks of flats contracted by 4.8 per cent and that of detached houses by 17.3 per cent

During August to October, building permits were granted in total for 7,492 dwellings, the number fell by 10.8 per cent from the previous year.

Volume of building production decreased further

The volume, or the constant-price value of ongoing building production, decreased by 4.7 per cent in August to October 2019 from the year before. The volume of construction of residential buildings declined in the period by 11.3 per cent and that of other than residential building construction, in turn, increased by 1.5 per cent. Measured by volume, 4.1 per cent fewer building projects than one year earlier were started in the same period. The number of residential building starts was 10.4 per cent lower than one year ago

Volume index of newbuilding 2010=100, trend

Source: Building and dwelling production, Statistics Finland

Inquiries: Paavo Kokkonen 029 551 3028, Merja Järvinen 029 551 2458, Petri Kettunen 029 551 3558, rakennus.suhdanne@stat.fi

Director in charge: Mari Ylä-Jarkko

Publication in pdf-format (220.2 kB)

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Appendix tables

• Appendix table 1. Building production, three month total and year-on-year change (20.12.2019)

Revisions in these statistics

• Revisions in these statistics (20.12.2019)

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Updated 20.12.2019