Informations Rapides ·
31 May 2022 · n° 147
In Q1 2022, the prices of buildings' maintenance and improvement works rose by +2.9% Buildings maintenance and improvement price index - first quarter 2022
Over the quarter, prices of buildings' maintenance and improvement works accelerated (+2.9%)
In Q1 2022, buildings’ maintenance and improvement work prices – IPEA – strongly accelerated (+2.9% over the quarter after +1.9% in Q4 and +1.3% in Q3). The rise was particularly marked in plumbing, heat and air-conditioning installation (+4.9% after +2.5%), in joinery installation (+3.7% after +2.9%),in roofing (+2.7% after +2.0%) and in other specialized construction works (+2.6% after +0.8%).
Prices rose at a more moderate pace in plastering (+2.2% after +1.5%), electrical installation works (+2.2% after +1.7%), floor and wall covering works (+2.1% after +1.0%) and in painting and glazing (+1.4% after +0.7%).
Finally, prices slowed down in other construction installation works (+0.8% after +1.7%).
Over the quarter, prices rose more in the residential sector (+3.2%) than in the non-residential sector (+2.6%).
Rise of 8.3% over a year
Over one year, buildings' maintenance and improvement work prices went up by 8.3% in Q1 2022 (after +6.8% in the previous quarter). The increase was similar in the residential sector (+8.4%) and in the non-residential sector (+8.3%).
Prices accelerated for all types of work: they were on a sharp rise in joinery installation (+13.1% after +12.0%), plumbing, heat and air-conditioning installation (+11.2% after +6.7%), roofing (+11.2% after +10.7%); the rise was less marked but still highly significant in electrical installation (+6.9% after +6.2%), plastering (+6.9% after +6.2%), other specialized construction works (+5.7% after +5.3%), floor and wall covering (+5.1% after +3.7%), in painting and glazing (+3.5% after +2.7%) and, to a lesser degree, in other construction installation works (+1.6% after +0.5%).
Revisions
The evolution in the IPEA price index between the third and the fourth quarter of 2021 was revised upwards by 0.1 points and is at +1.9%.
tableauBuildings' maintenance and improvement work price index
| IPEA | IPEA residential | IPEA non residential | |
|---|---|---|---|
| 2022-Q1 | 116.1 | 116.2 | 116.1 |
| 2021-Q4 | 112.8 | 112.6 | 113.2 |
| 2021-Q3 | 110.7 | 110.7 | 110.8 |
| 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 %) | Q1 2022 | Q/Q-1 (1) | Q/Q-4 (2) | |
|---|---|---|---|---|
| Buildings maintenance and improvement work price index (IPEA) | 100 | 116.1 | 2.9 | 8.3 |
| Residential buildings | 62.4 | 116.2 | 3.2 | 8.4 |
| Non-residential buildings | 37.6 | 116.1 | 2.6 | 8.3 |
| All buildings by type of work | ||||
| 4321 - Electrical installation | 18.3 | 113.1 | 2.2 | 6.9 |
| 4322 - Plumbing. heat and air−conditioning installation | 20.1 | 118.2 | 4.9 | 11.2 |
| 4329 - Other construction installation | 5.8 | 103.6 | 0.8 | 1.6 |
| 4331 - Plastering | 3.3 | 123.1 | 2.2 | 6.9 |
| 4332 - Joinery installation | 18.2 | 123.8 | 3.7 | 13.1 |
| 4333 - Floor and wall covering | 4.2 | 109.7 | 2.1 | 5.1 |
| 4334 - Painting and glazing | 7.4 | 108.6 | 1.4 | 3.5 |
| 4391 - Roofing | 5.9 | 124.5 | 2.7 | 11.2 |
| 4399 - Other specialised construction activities | 16.7 | 113.4 | 2.6 | 5.7 |
- (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 2022
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