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159092
Price increase for new detached houses
statistikk
2014-04-01T10:00:00.000Z
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
false
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 increased by 3.9 per cent from the third to the fourth quarter of 2013.

Price index for new detached houses, Q4 2013

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.

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Price increase for new detached houses

Prices of new detached houses increased by 3.9 per cent from the third to the fourth quarter of 2013. New detached houses were 6.7 per cent more expensive in the fourth quarter of 2013 than in the same quarter in 2012.

New detached houses, price index (2000=100)Published 1 April 2014
Price indexPercentage change from the same quarter of the previous yearPercentage change from the previous quarter
1st quarter 2013200.34.21.3
2nd quarter 2013199.41.0-0.4
3rd quarter 2013203.01.21.8
4th quarter 2013211.06.73.9

Source: Statistics Norway

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

The contractors’ construction costs for detached houses of wood increased by 2.8 per cent from the fourth quarter of 2012 to the same quarter in 2013, according to Statistics Norway’s construction cost index .

According to the annual price index, new detached houses were 3.2 per cent more expensive in 2013 than in the previous year.