Finland Construction Market Overview
Finland's residential construction market is currently contracting, with housing starts of 22K in 2023 — 35% below the 10-year average of 33K.
The country's recorded peak was 43K units in 2017. Current activity is -50% below that peak.
Among the 21 OECD countries tracked, Finland ranks #21 by total housing starts. Year-over-year change is -40.3%, reflecting declining permits and reduced construction activity.
For contractors working in Finland: A contracting market may create opportunities to negotiate better material pricing or lock in subcontractor rates.