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In Q4 2017, slight rise in prices of dwellings maintenance and improvement works (+0.2%)Dwellings maintenance and improvement price index - fourth quarter 2017

In Q4 2017, dwellings maintenance and improvement work price index (IPEA) increased slightly (+0.2% after +0.4% in Q3 2017).

Information: dwellings maintenance and improvement work price index will be released in reference 100 in 2015 from May 31th 2018. Additional information related to this change are available on the Web page of these indicators (flag: Documentation), from Insee web site.

In Q4 2017, dwellings maintenance and improvement work price index (IPEA) increased slightly (+0.2% after +0.4% in Q3 2017).

The largest increase is observed in metal joinery works and ironwork (+1.4% after +0.5%), mainly due to rises in the prices of metal raw materials and in the cost of labor. The growth was slighter in painting and floor and wall covering (+0.5% after +1.0%) and in wood and PVC joinery works (+0.3% like the previous quarter). Prices slipped down in plumbing (−0.6% after +0.4%). They were stable or virtually stable in the other works.

Over a year, dwellings maintenance and improvement work prices increased by 1.7% (after +1.6%). They accelerated in metal joinery works and ironwork (+5.2% after +4.2%) and in painting and floor and wall covering (+2.0% after +0.8%); they slowed down in plumbing (+0.4% after +2.0%) and in electrical installation (+0.3% after +0.6%).

In Q3 2017, producer cost index in specialised construction in existing buildings (ICP-43BTR) increased by 0.5% (after +0.4%). Over a year, it grew by 2.0%, a little less than in Q2 2017 (+2.2%).

Revisions

The variation in the IPEA price index between the second and the third quarter of 2017 has been revised upward by 0.2 points to +0.4%.

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

In %, raw data, reference 100 in 2010
Dwellings maintenance and improvement work price and cost index
Weights Q4 2017 Q/Q-1 Q/Q-4
Dwellings maintenance and improvement work price index (IPEA) 100.0 108.8 +0.2 +1.7
Masonry works and building structural works 16.9 106.5 +0.1 +1.6
Painting and floor and wall covering 16.9 104.3 +0.5 +2.0
Wood and PVC joinery works 15.5 112.7 +0.3 +2.5
Heat and air-conditioning installation 10.7 109.9 0.0 +1.9
Plumbing 10.1 112.6 −0.6 +0.4
Roofing activities 9.4 106.6 0.0 +0.5
Electrical installation 9.2 106.8 0.0 +0.3
Metal joinery works and ironwork 6.3 117.9 +1.4 +5.2
Plastering 5.0 106.1 0.0 +1.7
Q3 2017 Q/Q-1 Q/Q-4
Producer cost index in specialised construction in existing buildings (ICP-43BTR) 109.2 +0.5 +2.0
  • Source: INSEE

Table2 – Variations' revisions (in points of %)

Variations' revisions (in points of %)
Q3 2017
IPEA +0.2
Masonry works and building structural works +0.4
Painting and floor and wall covering +1.0
Wood and PVC joinery works +0.2
Heat and air-conditioning installation −0.2
Plumbing +0.2
Roofing activities +0.2
Electrical installation −0.6
Metal joinery works and ironwork +0.1
Plastering +0.7
  • How to read it: the variation in the “IPEA” price index between the second and the third quarter of 2017 goes from +0.2% to +0.4%: it is revised upward by 0.2 percentage points.
  • Source: INSEE

Documentation

Methodology (pdf, 93 Ko)