FTimes Report, Dec. 22
Granted permits, million m3, moving annual total. Source: Building and dwelling production, Statistics Finland.
Building permits were granted for a total of 1.9 million cubic metres in October 2014, which is 43 per cent less than in the corresponding period of the previous year, according to the preliminary data of Statistics Finland.
The cubic volume covered by building permits granted for residential buildings went down by 40 per cent in October year-on-year.
Building starts were also very low and starts of construction of residential buildings decreased by 38 per cent from October 2013, said the data on building and dwelling production.
Volume index for newbuilding 2005=100, trend. Source: Building and dwelling production, Statistics Finland.
The constant-price value or the volume of on-going building production decreased by 19 per cent, year-on-year.
At the same time, the volume of residential building construction decreased by 17.4 per cent, as per the statistics.
The time series of the volume index of new buildings will be revised later in spring 2015.
The data have been updated starting from 1995 and the time series have been aggregated from the renewed data.
