Softened decrease in new buildings in Norway

Softened decrease in new buildings in Norway

Preliminary figures, represented by statistic Norway, show a decrease in new dwellings, holiday homes and industrial buildings in January-May 2012 compared with the same period in 2011. In all three sectors the decrease is about 10-12 %.

A total of 11 304 new dwellings were given building starts in January-May; a decrease of 1 216 dwellings compared with the same period last year.

A total of 1 500 000 sq.m. of utility floor space for industrial buildings were started in January-May. This is 12,6% less than in the corresponding period in 2011. Holiday properties (cottages), private garages and other non-industrial activities similarly decreased by 8,9%.

Overall, new utility floor space decreased by 11%. Figures for building starts are slightly higher for May 2012 compared with May 2011.

Source: http://www.ssb.no/english/subjects/10/09/byggeareal_en/