New home construction up sharply

New home construction is up

New home construction is up 28 percent in January 2011, compared with a year ago.

New home construction in Norway has shown a major increase this year, compared with last year. The number of new dwellings increased by 28 percent in January, according to Statistics Norway (SSB).

A total of 2,964 new dwellings were given building starts in January; an increase of 639 dwellings compared with January 2010.

A total of 413,100 square metres of utility floor space for industrial buildings were started in January. This is 22 percent less compared with the same period in 2010.

However, larger fluctuations are more common in monthly figures for building activity in the industrial sector, SSB states.

Source: NRK and  The Norway Post

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