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Home BUSINESSBuilding permits up by 4% in Q1
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Wed, 20 May, 2015 12:06:41 AM
FTimes Report, May 20
 
Building permits granted and building starts, mil. m3, moving annual total. Source: Building and dwelling production, Statistics Finland.
Building permits were granted for a total of 6.8 million cubic metres in the first quarter of 2015, which is four per cent more than one year earlier.
 
At the same time, five per cent more building projects started than last year and the constant-price volume of building production still remained 13 per cent lower than one year ago, according to Statistics Finland’s data on building and dwelling production.
 
Volume index of newbuilding 2010=100, trend. Source: Building and dwelling production, Statistics Finland.
The beginning of the current year already seems more promising than previous years.
 
Eleven per cent more building projects started during January to March than in the corresponding period of the year before.
 
At the same time, the constant-price value or the volume of ongoing building production, however, decreased by 11 per cent from one year back.
 
Share of imputed building permits (capacity). Source: Building and dwelling production, Statistics Finland.
Number of granted building permits was 16 per cent lower in 2014 than one year before.
 
The building permits were granted for a total of 30 million cubic metres. Their number fell by 15.5 per cent from the previous year, the data show.
 
The cubic volume covered by permits granted for residential buildings remained on level with the previous year, down by just 1.6 per cent, and the cubic volume covered by permits granted for other than residential buildings went down by 21.1 per cent from one year ago.
 
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