Informations Rapides ·
28 May 2021 · n° 141
In Q1 2021, the prices of buildings' maintenance and improvement works rose by +1.3% Buildings maintenance and improvement price index - first quarter 2021
In Q1 2021, buildings’ maintenance and improvement work prices (IPEA) accelerated significantly (+1.3%, after +0.2% in Q4 2020) particularly in joinery installation works (+2.7% after +0.1%), roofing (+1.6% after +0.1%), plastering (+1.3% after +0.0%), electrical installation (+1.5% after +0.6%) and floor and wall covering (+0.8% after +0.0 %).
The acceleration of prices was less moderated in painting and glazing (+0.6% after +0.4%) and plumbing, heat and air-conditioning installation works (+0.4% after +0.1%). Prices kept being on a downward trend in other construction installation (–0.5% after –0.1%).
Over the quarter, prices rose at the same rate in the non-residential and in the residential sector (+1.2%).
Over one year, buildings' maintenance and improvement work prices increased by 1.8% in Q1 2021 after +0.9% in the previous quarter. The increase was also the same in the non-residential and in the residential sector (+1.7%).
Prices fell back in other construction installation (–1.1% after +0.7%) but stayed dynamic in plastering (+4.5% after +4.8%). They increased at roughly the same pace as in the same quarter in plumbing, heat and air-conditioning installation (+1.1% after +1.0%). Conversely, they bounced back in floor and wall covering (+0.8% after –0.2 %) and sped up in joinery installation (+3.0% after +0.9%), roofing (+1.4% after +0.1%), electrical installation (+1.7% after +1.0%) and, to a lesser degree, in painting and glazing (+1.7% after +1.4%).
Revisions
The evolution in the IPEA price index between the third quarter and the fourth quarter of 2020 was unchanged at +0.2%.
tableauBuildings' maintenance and improvement work price index
| IPEA | IPEA residential | IPEA non residential | |
|---|---|---|---|
| 2015-Q1 | 99.9 | 99.9 | 100.0 |
| 2015-Q2 | 100.0 | 100.0 | 100.0 |
| 2015-Q3 | 100.1 | 100.1 | 100.1 |
| 2015-Q4 | 100.0 | 100.0 | 100.0 |
| 2016-Q1 | 100.5 | 100.4 | 100.6 |
| 2016-Q2 | 100.8 | 100.7 | 100.9 |
| 2016-Q3 | 100.9 | 100.8 | 100.9 |
| 2016-Q4 | 101.0 | 101.0 | 101.2 |
| 2017-Q1 | 101.4 | 101.4 | 101.4 |
| 2017-Q2 | 101.6 | 101.7 | 101.4 |
| 2017-Q3 | 101.8 | 102.0 | 101.4 |
| 2017-Q4 | 102.0 | 102.2 | 101.8 |
| 2018-Q1 | 102.6 | 102.8 | 102.2 |
| 2018-Q2 | 103.0 | 103.0 | 102.9 |
| 2018-Q3 | 103.1 | 103.0 | 103.1 |
| 2018-Q4 | 103.1 | 103.2 | 103.0 |
| 2019-Q1 | 104.0 | 104.1 | 103.8 |
| 2019-Q2 | 104.3 | 104.4 | 104.2 |
| 2019-Q3 | 104.5 | 104.6 | 104.5 |
| 2019-Q4 | 104.7 | 104.8 | 104.6 |
| 2020-Q1 | 105.1 | 105.2 | 105.1 |
| 2020-Q2 | 105.4 | 105.5 | 105.3 |
| 2020-Q3 | 105.4 | 105.5 | 105.2 |
| 2020-Q4 | 105.6 | 105.7 | 105.6 |
| 2021-Q1 | 107.0 | 107.0 | 106.9 |
graphiqueBuildings' maintenance and improvement work price index
- Source: INSEE.
tableauBuildings’ maintenance and improvement work price index
| Weights (in %) | Q1 2021 | Q/Q-1 (1) | Q/Q-4 (2) | |
|---|---|---|---|---|
| Buildings maintenance and improvement work price index (IPEA) | 100 | 107.0 | 1.3 | 1.8 |
| Residential buildings | 61.9 | 107.0 | 1.2 | 1.7 |
| Non-residential buildings | 38.1 | 106.9 | 1.2 | 1.7 |
| All buildings by type of work | ||||
| 4321 - Electrical installation | 17.7 | 106.1 | 1.5 | 1.7 |
| 4322 - Plumbing. heat and air−conditioning installation | 20.3 | 106.1 | 0.4 | 1.1 |
| 4329 - Other construction installation | 4.7 | 102.4 | -0.5 | -1.1 |
| 4331 - Plastering | 3.3 | 115.0 | 1.3 | 4.5 |
| 4332 - Joinery installation | 19.5 | 109.4 | 2.7 | 3.0 |
| 4333 - Floor and wall covering | 3.8 | 104.4 | 0.8 | 0.8 |
| 4334 - Painting and glazing | 7.7 | 105.1 | 0.6 | 1.7 |
| 4391 - Roofing | 5.7 | 111.4 | 1.6 | 1.4 |
| 4399 - Other specialised construction activities | 17.3 | 105.8 | 1.0 | 1.5 |
- (1) index of the last quarter compared to that of the previous quarter (in %)
- (2) index of the last quarter compared to that of the same period of the previous year (in %)
- Source : Insee
For more information
The buildings’ maintenance and improvement work price index (IPEA) is a quarterly index which measures the evolution of prices net of taxes charged by construction enterprises (including artisanal forms) for their maintenance and improvement works in residential and non-residential buildings during the quarter under review.
The IPEA indices are not seasonally nor working-day adjusted.
Next issue: 31 August 2021
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