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Construction Cost Index for buildings, April 2018:

Construction costs rose by 2.8 percent on an annual basis

Statistical news from Statistics Sweden 2018-05-15 9.30

The Construction Cost Index for multi-dwelling buildings increased by 0.8 percent between March and April 2018 and by 2.8 percent on an annual basis.

Developments over the last month

The Construction Cost Index increased by 0.8 percent between March and April 2018. In the corresponding period in 2017, it increased by 0.6 percent. Contractors’ costs, which account for more than 82 percent of the Construction Cost Index, increased by 0.8 percent between March and April 2018.

Among contractors’ costs, building materials rose by 0.8 percent. In the group ‘building materials’, the cost of reinforcement steel rose most. The cost of woodwork, other building materials, iron and steel, electric materials, concrete, wood products, white goods and floor material also rose between March and April. The cost of plumbing material and painting materials remained unchanged.

Costs in the group ‘transport, fuel and electricity’ increased by 2.0 percent, in which the increased cost of fuel accounted for 4.6 percent. Contractors’ other costs and wages and salaries increased, while machinery costs remained unchanged.

Investor costs increased by 1.2 percent between March and April 2018.

Developments over the past year

The Construction Cost Index increased by 2.8 percent and contractors’ costs rose by 3.0 percent between April 2017 and April 2018. The increased contractors’ costs resulted in an increase of 2.5 percentage points for the total index in the same period.

The group ‘transport, fuel and electricity’ increased most, 4.6 percent, among contractors’ costs. Building material costs, contractors’ other costs, machinery costs and wages and salaries also increased.

Building material costs increased by 3.7 percent. Reinforcement steel and iron and steel accounted for the largest price increase in the building materials group, and increased by 15.8 percent and 8.7 percent respectively. Costs in other building material groups also rose, but not to the same extent.

Investor costs increased by 1.8 percent on an annual basis.

The development for different production factors, April 2017–April 2018

Construction Cost Index for multi-dwelling buildings, excl. wage drift and value-added tax.  

Diagram

The width of the bars represents the production factor’s weight share in percent in the calculation of the Construction Cost Index for multi-dwelling buildings. The height of the bars represents the average price development for each production factor.

Changes by product type, April 2018
GoodsChange in percent
 April 2017–
April 2016
April 2018–
April 2017
Reinforcement steel
+18.7 +15.8
Iron and steel*
+10.6 +8.7
Material for painting
+0.2 +5.6
Other building materials** +3.7 +4.3
Concrete products
+3.9 +4.2
Wood products +5.1 +3.4
Plumbing material
+2.9 +2.7
Woodwork +3.0 +2.0
Electric material
+3.6 +1.9
White goods +0.7 +1.8
Floor material
+1.8 +1.2
Total building materials
+4.2 +3.7

 * Includes reinforcement steel. ** Includes materials for thermal insulation, garbage equipment, gypsum and wood-based boards.

 

The development for difference building products, April 2017–April 2018

 Construction Cost Index for multi-dwellings buildings, excl. VAT.

Diagram

The width of the bars represents the construction material group’s weight share in percent of all construction material in the calculation of the Construction Cost Index for multi-dwelling buildings. The height of the bars represents the average price development for each product category.

Next publishing will be

2018-06-15 at 9:30.

 

Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.

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Statistics Sweden, Price Statistics

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