Informations Rapides ·
25 February 2022 · n° 59
In Q4 2021, the prices of buildings' maintenance and improvement works rose by +1.8% Buildings maintenance and improvement price index - fourth quarter 2021
In Q4 2021, buildings’ maintenance and improvement work prices – IPEA – started accelerating again (+1.8% over the quarter after +1.3% in Q3 and +2.0% in Q2). The rise was particularly marked in joinery installation (+2.6% after +2.5%), in plumbing, heat and air-conditioning installation (+2.5% after +1.7%) and in roofing (+1.9% after +1.7%)
Prices even started to recover in other construction installation works (+1,8% after –1.7%).
Prices rose at a more moderate pace in electrical installation works (+1.7% after +1.2%) and in plastering (+1.5% after +1.5%). They slightly slowed down in floor and wall covering works (+0.9% after +1.0%), in other specialized construction works (+0.8% after +0.9%) and in painting and glazing (+0.6% after +0.7%).
Over the quarter, prices rose more in the non-residential sector (+2.0%) than in the residential sector (+1.6%).
Over one year, buildings' maintenance and improvement work prices went up by 6.7% in Q4 2021 (after +5.0% in the previous quarter). The increase was also higher in the non-residential sector (+7.3%) than in the residential sector (+6.3%).
Prices in other construction installation recovered (+0.6% after –1.7%) conversely they were on a sharp rise and accelerated in every other sector: joinery installation (+11.5% after +8.8%), roofing (+10.2% after +8.1%), plumbing, heat and air-conditioning installation (+6.7% after +4.2%), electrical installation (+6.3% after +4.8%), plastering (+6.2% after +4.6%), other specialized construction works (+5.3% after +5.0%), floor and wall covering (+3.7% after +2.7%) and in painting and glazing (+2.7% after +2.3%).
Revisions
The evolution in the IPEA price index between the second and the third quarter of 2021 was revised upward by 0.6 points and is at +1.3%.
tableauBuildings' maintenance and improvement work price index
| IPEA | IPEA residential | IPEA non residential | |
|---|---|---|---|
| 2021-Q4 | 112.7 | 112.4 | 113.1 |
| 2021-Q3 | 110.7 | 110.6 | 110.9 |
| 2021-Q2 | 109.3 | 109.3 | 109.3 |
| 2021-Q1 | 107.2 | 107.2 | 107.2 |
| 2020-Q4 | 105.6 | 105.7 | 105.4 |
| 2020-Q3 | 105.4 | 105.5 | 105.3 |
| 2020-Q2 | 105.4 | 105.5 | 105.3 |
| 2020-Q1 | 105.1 | 105.2 | 105.1 |
| 2019-Q4 | 104.7 | 104.8 | 104.6 |
| 2019-Q3 | 104.5 | 104.6 | 104.5 |
| 2019-Q2 | 104.3 | 104.4 | 104.2 |
| 2019-Q1 | 104.0 | 104.1 | 103.8 |
| 2018-Q4 | 103.1 | 103.2 | 103.0 |
| 2018-Q3 | 103.1 | 103.0 | 103.1 |
| 2018-Q2 | 103.0 | 103.0 | 102.9 |
| 2018-Q1 | 102.6 | 102.8 | 102.2 |
| 2017-Q4 | 102.0 | 102.2 | 101.8 |
| 2017-Q3 | 101.8 | 102.0 | 101.4 |
| 2017-Q2 | 101.6 | 101.7 | 101.4 |
| 2017-Q1 | 101.4 | 101.4 | 101.4 |
| 2016-Q4 | 101.0 | 101.0 | 101.2 |
| 2016-Q3 | 100.9 | 100.8 | 100.9 |
| 2016-Q2 | 100.8 | 100.7 | 100.9 |
| 2016-Q1 | 100.5 | 100.4 | 100.6 |
| 2015-Q4 | 100.0 | 100.0 | 100.0 |
| 2015-Q3 | 100.1 | 100.1 | 100.1 |
| 2015-Q2 | 100.0 | 100.0 | 100.0 |
| 2015-Q1 | 99.9 | 99.9 | 100.0 |
graphiqueBuildings' maintenance and improvement work price index
- Source: INSEE.
tableauBuildings’ maintenance and improvement work price index
| Weights (in %) | Q4 2021 | Q/Q-1 (1) | Q/Q-4 (2) | |
|---|---|---|---|---|
| Buildings maintenance and improvement work price index (IPEA) | 100 | 112.7 | 1.8 | 6.7 |
| Residential buildings | 62.4 | 112.4 | 1.6 | 6.3 |
| Non-residential buildings | 37.6 | 113.1 | 2.0 | 7.3 |
| All buildings by type of work | ||||
| 4321 - Electrical installation | 18.3 | 110.8 | 1.7 | 6.3 |
| 4322 - Plumbing. heat and air−conditioning installation | 20.1 | 112.7 | 2.5 | 6.7 |
| 4329 - Other construction installation | 5.8 | 102.9 | 1.8 | 0.6 |
| 4331 - Plastering | 3.3 | 120.5 | 1.5 | 6.2 |
| 4332 - Joinery installation | 18.2 | 118.9 | 2.6 | 11.5 |
| 4333 - Floor and wall covering | 4.2 | 107.4 | 0.9 | 3.7 |
| 4334 - Painting and glazing | 7.4 | 107.1 | 0.6 | 2.7 |
| 4391 - Roofing | 5.9 | 120.7 | 1.9 | 10.2 |
| 4399 - Other specialised construction activities | 16.7 | 110.5 | 0.8 | 5.3 |
- (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 May 2022
Pour en savoir plus