Switzerland Residential Construction Activity
Last updated:
Source: Official Swiss Federal Statistical Office annual new buildings with dwellings, temporally disaggregated to months with official BFS building-construction output dynamics for NOGA 41 Hochbau and nowcast at the tail from the same official construction-output family.
Source description: Construction-side Swiss housing indicator benchmarked to official annual Swiss Federal Statistical Office new buildings with dwellings and converted to monthly frequency using official BFS building-construction output dynamics for NOGA 41 Hochbau.
Table ID: macro_economics/housing/ch_residential_construction_monthly
Key findings:
- Residential construction activity remains subdued at 72.7, below the 2019 benchmark, indicating a cautious demand backdrop.
- The index's sideways movement suggests no clear new impulse, keeping the housing cycle fragile and cautious.
- Read alongside Switzerland Housing Market Activity, the construction index at 72.7 adds context to the cautious demand signals.
Latest data:
| date | value |
|---|---|
| 2025-04-01 | 76.001 |
| 2025-05-01 | 81.262 |
| 2025-06-01 | 86.524 |
| 2025-07-01 | 82.207 |
| 2025-08-01 | 77.891 |
| 2025-09-01 | 73.574 |
| 2025-10-01 | 77.792 |
| 2025-11-01 | 82.01 |
| 2025-12-01 | 86.228 |
| 2026-01-01 | 81.717 |
| 2026-02-01 | 77.206 |
| 2026-03-01 | 72.696 |
Methodology: Housing Market Activity Methodology
Switzerland Residential Construction Activity is the construction-side component behind the Swiss housing market activity framework. It tracks whether the Swiss residential construction pipeline is running above or below the 2019 baseline using an annual official residential building benchmark converted to monthly frequency.
Market Context
For furniture-market analysis, residential construction matters because new dwellings and major residential works can support demand for kitchens, built-in storage, bedrooms, living-room furniture and follow-on replacement purchases. This page isolates the construction side of the Swiss housing cycle rather than combining it immediately with mortgage finance.
The indicator is benchmarked to official annual Swiss Federal Statistical Office new buildings with dwellings, which is closer to the residential pipeline concept used in other Furnilytics housing pages. Furnilytics distributes that annual residential benchmark to monthly frequency with official BFS building-construction output dynamics for NOGA 41 Hochbau and extends the latest tail with a nowcast until a newer annual benchmark is published. This page should be read together with Switzerland New Mortgage Activity and the composite Switzerland Housing Market Activity page.
