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159810
New detached houses 1 per cent cheaper
statistikk
2014-06-27T10:00:00.000Z
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 in the first quarter of 2014.

Price index for new detached houses, Q1 2014

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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New detached houses 1 per cent cheaper

Prices of new detached houses decreased by 1.0 per cent from the fourth quarter of 2013 to the first quarter of 2014.

New detached houses, price index (2000=100)Published 27 June 2014
Price indexPercentage change from the same quarter of the previous yearPercentage change from the previous quarter
2nd quarter 2013199.41.0-0.4
3rd quarter 2013203.01.21.8
4th quarter 2013211.06.73.9
1st quarter 2014208.84.2-1.0

Source: Statistics Norway

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

Despite the small decline from the previous quarter, new detached houses were 4.2 per cent more expensive in the first quarter of 2014 than in the same quarter in 2013.

The contractors’ construction costs for detached houses of wood increased by 2.9 per cent from the first quarter of 2013 to the same quarter in 2014, according to Statistics Norway’s construction cost index .