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New detached houses up 1.9 per cent
statistikk
2014-12-19T10:00:00.000Z
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.

Price index for new detached houses, Q3 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 up 1.9 per cent

Prices of new detached houses increased by 1.9 per cent from the second to the third quarter of 2014.

New detached houses, price index (2000=100)Published 19 December 2014
Price indexPercentage change from the same quarter of the previous yearPercentage change from the previous quarter
4th quarter 2013211.06.73.9
1st quarter 2014208.84.2-1.0
2nd quarter 2014212.56.61.8
3rd quarter 2014216.66.71.9

Source: Statistics Norway

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

Compared to the third quarter of 2013 new detached houses were 6.7 per cent more expensive in the third quarter of 2014. The contractors’ construction costs for detached houses of wood increased by 3.8 per cent from the third quarter of 2013 to the same quarter in 2014, according to Statistics Norway’s construction cost index.

A total of 673 observations have been used in the index calculations for the third quarter of 2014.