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11880
Small decrease in construction costs
statistikk
2003-06-10T10:00:00.000Z
Prices and price indices;Construction, housing and property
en
bkibol, Construction cost index for residential buildings, construction costs, labour costs, material costs, detached houses, residential buildings, type of work (for example electrical, plumbing, groundwork), types of material (for example concrete, reinforced steel, timber)Dwelling and housing conditions , Construction , Construction cost indices, Construction, housing and property, Prices and price indices
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Construction cost index for residential buildings, May 2003

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Small decrease in construction costs

The index of residential buildings decreased by 0.1 per cent from April to May this year. Material costs increased by 0.1 per cent in the same period.

The construction costs of multi-dwelling houses decreased 0.4 per cent last month while detached houses remained unchanged. Material costs of multi-dwelling houses increased by 0.1 per cent in the same period.

On an annual basis, the construction costs of residential buildings rose by 3.1 per cent. Material costs rose by 2.2 per cent from May last year to May this year.

Wage statistics for first quarter 2003 are included and contributed to an increase of labour costs by 0.6 per cent in May compared with April this year.

Construction cost index for residential buildings. 2000=100
  May2003 Change in per cent
  April-May 2003 May 2002-May 2003
Residential buildings1  111.3 -0.1 3.1
Residential buildings, labour cost  115.2 0.6 4.6
Residential buildings, materials  109.2 0.1 2.2
       
Detached houses of wood  111.1 0.0 3.0
Detached houses of wood, materials  109.0 0.0 2.3
       
Multi-dwelling houses  112.1 -0.4 3.4
Multi-dwelling houses, materials  109.9 0.1 2.0
1  Construction cost index for residential buildings is weighted by index for detached
houses of wood and index for multi-dwelling houses.