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Home BUSINESSBuilding permits’ cubic volume ups in Dec-Feb
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Sat, 23 Apr, 2016 12:01:59 AM
FTimes Report, Apr 23
 
Granted building permits and building starts, mil. m3, moving annual total. Source: Building and dwelling production, Statistics Finland.
Building permits were granted for a total of 6.7 million cubic metres in December to February, which is 16.6 per cent more than one year ago, according to Statistics Finland.
 
The growth came especially from building permits granted for public service buildings.
 
The cubic volume covered by permits granted for residential buildings went up by good 15 per cent from the previous year, the data show.
 
The building permits were granted for a total of two million cubic metres of residential building projects.
 
The residential building construction grew for all types of buildings, especially for terraced houses, which went up by 24 per cent from one year back.
 
Granted building permits for residential buildings, mil. m3, moving annual total. Source: Building and dwelling production, Statistics Finland.
Measured by volume, 19.8 per cent more building permits were granted for block of flats projects than one year before.
 
The cubic volume of building permits granted for detached houses made an upturn after a break of several years as per the statistics.
 
A total of 6,900 building permits were granted for residential building construction in the December to February period. The number of permits granted for apartments grew by 28.1 per cent year-on-year.
 
The constant-price value or the volume of ongoing building production went up by 7.5 per cent year-on-year.
 
Volume index of newbuilding 2010=100, trend. Source: Building and dwelling production, Statistics Finland.
The volume of construction of residential buildings increased in the period by 10.5 per cent and that of other than residential building construction by 5.1 per cent from one year back.
 
Measured by volume, 31.6 per cent more building projects and 67.9 per cent more residential building projects were started than one year earlier.
 
The large cubic volume of building permits granted during late 2015 for residential building, especially for blocks of flats, now affects both the started building projects and the volume index of new building.
 
The data of the statistics on building and dwelling production are based on the building permit data of the Population Register Centre.
 
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