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206853
Price fall for new detached houses
statistikk
2015-12-18T10:00:00.000Z
Prices and price indices;Construction, housing and property
en
enebolig, Price index for new detached houses, price development, new buildingsDwelling and housing conditions , House prices and house price indices , Construction, housing and property, Prices and price indices
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The purpose of the price index for new detached houses is to compile an output price index for construction activity. Prices of new detached houses fell by 1.4 per cent from the second quarter to the third quarter of 2015.

Price index for new detached houses, Q3 2015

The price is connected to the quarter in which the local authorities register the construction work as completed and not at the time of entering into the sales contract. Therefore, the price index for new detached houses intercepts large changes in the market with a delay of almost one year.

Content

Published:

Price fall for new detached houses

Prices of new detached houses fell by 1.4 per cent from the second to the third quarter of 2015.

New detached houses, price index (2000=100)Published 18 December 2015
Price indexPercentage change from the same quarter of the previous yearPercentage change from the previous quarter
4th quarter 2014213.41.1-1.5
1st quarter 2015215.73.31.1
2nd quarter 2015224.25.53.9
3rd quarter 2015221.02.0-1.4

Source: Statistics Norway

Figure 1. New detached houses, price index. 2000=100

Prices of new detached houses fell by 1.4 per cent from the second to the third quarter of 2015.

From the second to the third quarter of 2015 the prices of new detached houses fell by 1.4 per cent on average. Thus, the price level of new detached houses is 2.0 per cent higher than the same quarter in 2014.

The contractors’ construction costs for detached houses of wood increased by 2.5 per cent from the third quarter of 2014 to the same quarter in 2015, according to Statistics Norway’s construction cost index.

A total of 760 observations have been used in the index calculations for the third quarter of 2015.