In Q1 2017, the prices of dwellings maintenance and improvement work roseDwellings maintenance and improvement price index - first quarter 2017

In Q1 2017, dwellings maintenance and improvement work price index (IPEA) rose by 0.6% – its strongest growth since Q1 2012 –, after a near stability in Q4 2016 (+0.1%).

In Q1 2017, dwellings maintenance and improvement work price index (IPEA) rose by 0.6% – its strongest growth since Q1 2012 –, after a near stability in Q4 2016 (+0.1%).

Prices went up sharply in joinery works, whether it be wood and PVC joinery works (+1.5% after +0.3%) or metal joineryworks and ironwork (+2.6% after +0.4%), mainly because of a huge increase in the prices of raw materials such as plastics and metals. To a lesser extent, they increased in plastering (+0.8% after +0.2%) and even more moderately in the other works. Prices were stable in roofing activities.

Over a year, dwellings maintenance and improvement work prices increased more than in the previous quarter (+1.1% after +0.8%). They accelerated in metal joinery works and ironwork (+3.4% after +3.0%), in plastering (+2.3% after +1.7%), in plumbing (+1.8% after +1.5%) and in wood and PVC joinery works (+1.7% after +0.8%).

In Q4 2016, producer cost index in specialised construction in existing buildings (ICP-43BTR) increased slightly less than in the previous quarter (+0.3% after +0.6%). Over a year, it increased by 1.6%, a little more than in Q3 2016 (+1.4%).

Revisions

The variation in the “IPEAprice index between the third quarter of 2016 and the fourth quarter of 2016 remained unchanged.

Graph1 – Dwellings maintenance and improvement work price and cost indices

  • Source: INSEE

Graph2 – Changes in dwellings maintenance and improvement work price index

  • Source: INSEE

Graph3 – Changes in dwellings maintenance and improvement work price index

  • Source: INSEE

Graph4 – Changes in dwellings maintenance and improvement work price index

  • Source: INSEE

Table1 – Dwellings maintenance and improvement work price and cost index

Dwellings maintenance and improvement work price and cost index
Weights Q1 2017 Q/Q-1 Q/Q-4
Dwellings maintenance and improvement work price index (IPEA) 100.0 107.6 +0.6 +1.1
Masonry works and building structural works 16.9 105.0 +0.2 +0.3
Painting and floor and wall covering 16.9 102.4 +0.1 +0.3
Wood and PVC joinery works 15.5 111.7 +1.5 +1.7
Heat and air-conditioning installation 10.7 108.1 +0.2 +0.6
Plumbing 10.1 112.4 +0.3 +1.8
Roofing activities 9.4 106.1 0.0 +0.5
Electrical installation 9.2 106.7 +0.2 +0.9
Metal joinery works and ironwork 6.3 115.0 +2.6 +3.4
Plastering 5.0 105.1 +0.8 +2.3
Q4 2016 Q/Q-1 Q/Q-4
Producer cost index in specialised construction in existing buildings (ICP-43BTR) 107.2 +0.3 +1.6
  • In %, raw data, base and reference 100 in 2010
  • Source: INSEE

Table2 – Variations' revisions (in points of %)

Variations' revisions (in points of %)
Q4 2016
IPEA ///
Masonry works and building structural works ///
Painting and floor and wall covering −0.6
Wood and PVC joinery works +0.1
Heat and air-conditioning installation ///
Plumbing ///
Roofing activities ///
Electrical installation +0.2
Metal joinery works and ironwork ///
Plastering ///
  • ///: unchanged
  • How to read it: the variation in the “IPEA” price index between the third quarter of 2016 and the fourth quarter of 2016 remained unchanged.
  • Source: INSEE