Scottish Social Housing Tender Price Index (SSHTPI) quarterly report: June 2024
Information on the Scottish Social Housing Tender Price Index (SSHTPI) and Quarterly Report for June 2024.
Background
- the index has fallen in each of the last three quarters and in 4Q 2023 to 2024 is 13.1% below its peak in 1Q 2023 to 2024
- the 2Q 2023 to 2024 figure is now firm and is based on a sample of 22 projects and shows a fall of 3.7% compared with 1Q 2023 to 2024
- the 3Q 2023 to 2024 figure is still provisional based on 22 projects and may be subject to revision
- underlying construction costs of labour, materials, and plant, as measured by the BCIS General Building Cost Index, rose 0.9% quarter-on-quarter in 4Q 2023-2024 and by 3.4% compared with the same quarter a year earlier
- over the year to 4Q 2023-2024 underlying inflation, as measured by the Consumer Prices Index (CPI), rose by 3.6%
Table 1: SSHTPI Quarterly Index
Published index base 1985 = 100
Financial quarter notes: 1Q = first quarter April to June; 2Q = second quarter July to September; 3Q = third quarter October to December; 4Q = fourth quarter January to March.
|
Calendar quarter |
Financial quarter |
Index value |
Sample size |
Status |
|
4Q 2016 |
3Q 2016-2017 |
257 |
22 |
Firm |
|
1Q 2017 |
4Q 2016-2017 |
262 |
53 |
Firm |
|
2Q 2017 |
1Q 2017-2018 |
273 |
7 |
Firm |
|
3Q 2017 |
2Q 2017-2018 |
288 |
20 |
Firm |
|
4Q 2017 |
3Q 2017-2018 |
280 |
36 |
Firm |
|
1Q 2018 |
4Q 2017-2018 |
271 |
45 |
Firm |
|
2Q 2018 |
1Q 2018-2019 |
276 |
22 |
Firm |
|
3Q 2018 |
2Q 2018-2019 |
284 |
22 |
Firm |
|
4Q 2018 |
3Q 2018-2019 |
288 |
38 |
Firm |
|
1Q 2019 |
4Q 2018-2019 |
292 |
48 |
Firm |
|
2Q 2019 |
1Q 2019-2020 |
292 |
22 |
Firm |
|
3Q 2019 |
2Q 2019-2020 |
298 |
31 |
Firm |
|
4Q 2019 |
3Q 2019-2020 |
303 |
42 |
Firm |
|
1Q 2020 |
4Q 2019-2020 |
299 |
36 |
Firm |
|
2Q 2020 |
1Q 2020-2021 |
292 |
6 |
Firm |
|
3Q 2020 |
2Q 2020-2021 |
294 |
20 |
Firm |
|
4Q 2020 |
3Q 2020-2021 |
304 |
22 |
Firm |
|
1Q 2021 |
4Q 2020-2021 |
312 |
24 |
Firm |
|
2Q 2021 |
1Q 2021-2022 |
322 |
7 |
Firm |
|
3Q 2021 |
2Q 2021-2022 |
321 |
11 |
Firm |
|
4Q 2021 |
3Q 2021-2022 |
331 |
26 |
Firm |
|
1Q 2022 |
4Q 2021-2022 |
355 |
23 |
Firm |
|
2Q 2022 |
1Q 2022-2023 |
362 |
16 |
Firm |
|
3Q 2022 |
2Q 2022-2023 |
386 |
17 |
Firm |
|
4Q 2022 |
3Q 2022-2023 |
386 |
23 |
Firm |
|
1Q 2023 |
4Q 2022-2023 |
402 |
20 |
Firm |
|
2Q 2023 |
1Q 2023-2024 |
409 |
22 |
Firm |
|
3Q 2023 |
2Q 2023-2024 |
395 |
22 |
Firm |
|
4Q 2023 |
3Q 2023-2024 |
372 |
22 |
Provisional |
|
1Q 2024 |
4Q 2023-2024 |
362 |
10 |
Provisional |
Source: Scottish Government
Note: The quarterly index is a smoothed, trimmed geometric mean of the normalised project index (see note on calculation).
Table 2: SSHTPI Location Indices
Calendar quarter 1Q 2024 (January to March), Financial quarter 4Q 2023-2024 (January to March), Publication quarter 2Q 2024 (April to June)
|
Location Code |
Location |
Index Value |
Sample Size |
Status |
|
M |
Mainland |
100 |
311 |
Provisional |
|
MA |
Scottish Borders |
132 |
7 |
Provisional |
|
MB |
Clackmannanshire, Stirling, Falkirk |
91 |
16 |
Provisional |
|
MC |
Dumfries and Galloway |
106 |
9 |
Provisional |
|
MD |
Fife |
93 |
27 |
Provisional |
|
ME |
Aberdeenshire and Moray |
103 |
41 |
Provisional |
|
MF |
Aberdeen City |
71 |
6 |
Provisional |
|
MG |
Highland |
113 |
35 |
Provisional |
|
MH |
West Coast |
96 |
12 |
Provisional |
|
MJ |
City of Edinburgh |
98 |
9 |
Provisional |
|
MK |
Lothian |
96 |
41 |
Provisional |
|
ML |
City of Glasgow |
79 |
14 |
Provisional |
|
MM |
Ayrshire |
103 |
22 |
Provisional |
|
MN |
Glasgow Environs |
86 |
30 |
Provisional |
|
MP |
South Lanarkshire |
109 |
7 |
Provisional |
|
MQ |
Dundee City |
108 |
8 |
Provisional |
|
MR |
Angus, Perth and Kinross |
93 |
27 |
Provisional |
|
Z |
Island |
103 |
21 |
Provisional |
|
ZA |
Orkney Islands |
92 |
7 |
Provisional |
|
ZB |
Shetland Islands |
130 |
7 |
Provisional |
Note: the location indices are calculated over 15 quarters and are based on the Scottish mean = 100 (See note on calculation). Sample sizes <=4 they are not included in Table 2.
Contact
Jeff Bell
Email: Jeff.Bell@gov.scot
Rosemary Craig
Email: Rosemary.Craig@gov.scot
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