Construction costs up 1.8 percent

January 13, 2010

The construction costs of residential buildings increased by 1.8 percent from December 2008 to December 2009, while the material costs rose by 1.5 percent in the same period.

From December 2008 to December 2009, construction costs of detached houses of wood increased the most, by 2.3 percent, while multi-dwelling houses rose by 1.0 percent.

The construction costs of detached houses of wood and multi-dwelling houses both increased by 0.1 percent from November to December last year. The material costs of detached houses of wood rose by 0.1 percent, while multi-dwelling houses remained unchanged in the same period.

Construction cost index for residential buildings. 2000=100
	December 2009	Change in percent

	December 2009	November 2009- December 2009	December 2008- December 2009

Residential buildings¹	144.7	0.1	1.8
Residential buildings, labour cost	150.7	0.0	2.6
Residential buildings, materials	144.6	0.1	1.5

Detached houses of wood	145.1	0.1	2.3
Detached houses of wood, materials	143.9	0.1	2.1
Detached houses of wood, other building work	144.7	0.0	2.4
Detached houses of wood, other building work, materials	143.1	0.1	2.4

Multi-dwelling houses	145.8	0.1	1.0
Multi-dwelling houses, materials	149.3	0.0	0.1