Statistical presentation
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Prices and Consumption, Economic StatisticsAndré Pedersen Ystehede
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The Producer Price Index for Construction of Dwellings is a quarterly measurement of prices related to the construction of new dwellings relating to the first commercial transaction, i.e. the transaction carried out between the construction company and the builder. The index describes the price of constructing dwelling, i.e. the price a household or a developer pays the construction company, e.g. a producer of turn-key houses, for the construction of a dwelling.
Data description
The purpose of the Producer Price Index for Construction of Dwellings is to describe the price development on the constructions of dwellings in Denmark. Currently, solely one-family houses are included in the calculations. The price concept is the price of a newly built dwelling incl. the producer's direct constructions costs and profits, excl. the cost of land, taxes and further costs directly related to the construction of the dwelling. Thus, the statistics contains information on producer prices for newly built dwellings. The index is published every quarter and both price indices and the quarterly percent development are given.
Classification system
Currently, the statistics covers the construction of one-family houses. A one-family house is defined by the classification of use 120 in the Danish Buildings and Dwellings Register. The classification describes the main use of a building. thus, the index covers the production of dwellings carried out by companies producing turn-key houses belonging to the 41,20.00 (Construction of buildings) in the Danish Business Register.
Sector coverage
Construction sector entities engaged in construction of dwellings, i.e. a part of the construction industry.
Statistical concepts and definitions
Producer price: The price of a produced commodity incl. the producer's direct production costs and profits and excl. VAT and additional costs not directly related to the production of the commodity.
Hedonic regression: Methodology where the price of a good is modeled as a function of the characteristics of that same good.
Statistical unit
Prices.
Statistical population
The target population is all newly constructed dwellings in Denmark.
Reference area
Denmark.
Time coverage
2015-.
Base period
2015 = 100.
Unit of measure
Index and percentage changes.
Reference period
The statistics corresponds to the quarter. The indices are related to dwellings that have been completed within the quarter.
Frequency of dissemination
Quarterly.
Legal acts and other agreements
The legal authority to collect data is provided by the Act on Statistics Denmark, section 8, as subsequently amended (most recently by Act no. 610 of 30 May 2018).
Cost and burden
The response burden has not yet been calculated for this statistics, but it is assumed that the reporting units spend less than one hour on their responses. Over time, the response burden has been reduced significantly as Statistics Denmark obtain as much information as possible from the Danish Buildings and Dwellings Register (BBR).
Comment
For more information please see (https://www.dst.dk/en/Statistik/emner/priser-og-forbrug/erhvervslivets-priser/producentprisindeks-for-byggeri-og-anlaeg) or contact Statistics Denmark.