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192941
Price increase for new detached houses
statistikk
2014-09-19T10:00:00.000Z
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 1.8 per cent from the first quarter to the second quarter of 2014.

Price index for new detached houses, Q2 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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Price increase for new detached houses

Prices of new detached houses increased by 1.8 per cent from the first to the second quarter of 2014.

New detached houses, price index (2000=100)Published 19 September 2014
Price indexPercentage change from the same quarter of the previous yearPercentage change from the previous quarter
3rd quarter 2013203.01.21.8
4th quarter 2013211.06.73.9
1st quarter 2014208.84.2-1.0
2nd quarter 2014212.56.61.8

Source: Statistics Norway

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

From the first to the second quarter of 2014 the prices of new detached houses increased by 1.8 per cent on average. Thereby the price level of new detached houses is 6.6 per cent higher than the same quarter in 2013.

The contractors’ construction costs for detached houses of wood increased by 4.1 per cent from the second quarter of 2013 to the same quarter in 2014, according to Statistics Norway’s construction cost index.

A total of 808 observations have been used in the index calculations for the second quarter of 2014.