Record for housing construction in October

housingHousing.Photo: Pixabay

October this, 26 percent more housing construction is started in compare with the same period last year and it gave a new monthly record.

This has been shown by the figures provided from the Homebuilders Association.

– October has been started successfully for house construction. House constructions increased sharply in October by 26 percent increase in compare with last and is the best October month we have measured, said the association’s CEO Per Jæger.

Sales in October this year was 2 percent below the same month last year.

– Sales so far this year is up 13 percent from a record last year’s level.

Apartment market is cumulative 26 percent over last year, while detached houses- and small houses is 1 percent lower than previous year, says Jaeger.


Source: NTB scanpix / Norway Today