|Unit||Index 2015=100, NSA|
|Adjustments||Not Seasonally Adjusted|
|Release||Price index for existing dwellings|
|Residential Building Completions||Feb 2023||2,235||2,419||#, NSA||Monthly|
|Residential Housing Starts||Feb 2023||2,069||1,775||#, NSA||Monthly|
|Building Completions||2022 Q4||7,965||6,793||#, NSA||Quarterly|
|Building Permits||2022 Q4||6,248||7,835||#, NSA||Quarterly|
|House Price Index||2022 Q4||137.4||143.1||Index 2015=100, NSA||Quarterly|
|Housing Starts||2022 Q4||7,805||6,543||#, NSA||Quarterly|
|Non-residential Building Completions||2022 Q4||138||222||#, NSA||Quarterly|
|Non-residential Building Permits||2022 Q4||105||63||#, NSA||Quarterly|
|Non-residential Housing Starts||2022 Q4||291||54||#, NSA||Quarterly|
A house price index for new dwellings (detached, row, multi-dwelling, and composite) in Norway. Quarterly from 1992.
We produce seasonally adjusted counterparts to the areal price, HPI, ...
The source writes:
The purpose of the index is to measure the price development of new dwellings. Price Index for new dwellings consists of two different price indexes: Price index for new multi-dwellings and Price index new detached houses. The Price Index for new multi-dwellings was first published in 2015, with a time series back to the first quarter of 2011. Price index for new detached houses has been published since 1989 as an initiative by The Norwegian Financial Services Association (FNH).
Data for multi-dwellings is collected electronically through the Altinn internet portal for public reporting from construction companies and real estate developers. The sample should include the most important enterprises in the industry.
The data for computing the detached houses price index are obtained from two different sources: the Norwegian cadastre and a quarterly survey. The cadastre provides information on dwellings completed during the reference period; location, utility floor space and who the owner is. Through the survey Statistics Norway collect information about prices and quality characteristics that may have an influence on the price.
The price indexes are calculated by hedonic method and by multivariable regression analysis. Price is the independent variable in the regression analysis and the independent variables are:
Observations from both the base year and the year before are used in the regression analysis to obtain more confident and stable estimates of the hedonic price function. The price elasticity is assumed to be constant for that period of time.
The total price index for new dwellings is an aggregate of the price index for new detached houses and the price index for new multi-dwellings.
The indexes are calculated as chained indexes with annual links. The base is changed in the 2nd quarter, with the previous year as a new base year.
The source does not note revisions.
Svalbard is not legally defined as a county, but is statistically equivalent.