Sweden Construction News
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Construction starts in Sweden continue upward trajectory

15/05/2024, 06:34
Construction starts in Sweden continue upward trajectory
Kuva: Unsplash
Anna Broberg Anna Broberg
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Construction starts increased 1.0% between March and April. Residential construction rose 1.4%, while non-residential building activity grew 0.8%.

Over the past twelve months, the Construction Start Indicator has climbed 3.7%. The residential indicator increased 10%, while the non-residential indicator rose 1%.

“The Construction Start Indicator also rose in April. The indicator has now been slightly upward for six months. Uncertainty remains around how much actual construction occurs in certain projects versus being just started on paper, but the situation definitely looks a bit brighter now compared to before,” said Tor Borg, Chief Analyst at Citymark Analysis and Byggfakta.

The annual pace remains above 20,000 initiated residential units.

“The housing indicator is now back to the levels seen in early spring 2023. However, it’s only at just over half the average level for 2015-2022. So there’s still a lot of ground to make up, and a falling project pipeline suggests it will take time,” Borg stated.

Byggfakta’s Construction Start Indicator tracks new construction activity in the residential and non-residential sectors by processing data from Byggfakta’s construction project database, based on the estimated construction costs of initiated new-build projects.

The translation was written by an AI system, though the original text was authored by a human.