Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/210363 
Year of Publication: 
2018
Series/Report no.: 
Staff Memo No. 12/2018
Publisher: 
Norges Bank, Oslo
Abstract: 
Population growth in Norway over the past 10-15 years has been strong, while residential construction activity has been fairly low. At the same time, household size continues to decline. The increase in the number of households has been higher than the increase in the number of new housing units built, particularly in urban areas. This construction shortfall has contributed to rapid house price inflation in this period. Since end-2015, population growth has slowed and the number of new units built has increased, which has reduced the construction shortfall.
Subjects: 
residential construction
households
urbanisation
Persistent Identifier of the first edition: 
ISBN: 
978-82-8379-062-7
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Research Report
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