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New detached houses up 1.1 per cent
statistikk
2015-06-17T10:00:00.000Z
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 price index for new detached houses compiles an output price index for construction activity. Prices increased by 1.1 per cent from Q1 2014 to Q1 2015.

Price index for new detached houses, Q1 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.

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New detached houses up 1.1 per cent

Prices of new detached houses increased by 1.1 per cent from the fourth quarter of 2014 to the first quarter of 2015.

New detached houses, price index (2000=100)Published 17 June 2015
Price indexPercentage change from the same quarter of the previous yearPercentage change from the previous quarter
2nd quarter 2014212.56.61.8
3rd quarter 2014216.66.71.9
4th quarter 2014213.41.1-1.5
1st quarter 2015215.73.31.1

Source: Statistics Norway

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

Compared to the first quarter of 2014, new detached houses were 3.3 per cent more expensive in the first quarter of 2015. The contractors’ construction costs for detached houses of wood increased by 3.5 per cent in the same period, according to Statistics Norway’s construction cost index.

A total of 783 observations have been used in the index calculations for the first quarter of 2015.