Cubic volume of granted building permits decreased in August to October 2022

release 20/12/2022 | Building and dwelling production 2022, October

According to Statistics Finland, building permits for newbuilding were granted for a total of 8.7 million cubic metres in August to October 2022, which was 11 per cent less than one year ago. Twenty-four per cent fewer building permits for residential building projects were granted than one year ago. In August to October, 21 per cent fewer building projects were started than one year earlier.

Line chart. In 2001, building permits and project starts amounted to some 45 million m3. The volumes were at their highest in 2007 to 2008, good 57 million m3. Especially projects started fell sharply by 2010. The average moving annual total of building permits and starts in October 2022 was 38 million m3.

Key selections

The cubic volume of building permits granted for newbuilding decreased in August to October 2022 by 11 per cent year-on-year.
In August to October 2022, building permits were granted for a total of 7,547 dwellings, which was 25 per cent fewer than one year earlier.
The cubic volume of building permits granted for other than residential buildings decreased by four per cent in August to October 2022 from one year ago.
In August to October 2022, altogether 21 per cent fewer building projects were started than one year earlier.

Volume of construction continued to fall

In August to October, the constant-price value or the volume of ongoing building production decreased by four per cent year-on-year. The volume of residential building construction decreased by close on one per cent and that of other than residential building construction fell by seven per cent from one year earlier.