Informations Rapides ·
31 August 2021 · n° 225
In Q2 2021, the prices of buildings' maintenance and improvement works rose by +2.0% Buildings maintenance and improvement price index - second quarter 2021
In Q2 2021, buildings’ maintenance and improvement work prices – IPEA – rose strongly and continued to accelerate (+2.0% after +1.6% in Q1 2021 and +0.2% in Q4 2020). The rise was particularly sharp in roofing (+4.2% after +2.3%) and, to a lesser degree, in joinery installation (+2.6% after +2.8%), in other specialised construction activities (+2.1% after +2.1%) and in painting and glazing (+2.2% after +0.6%).
Prices rose at a more moderate pace in plumbing, heat and air-conditioning installation (+1.7% after +0.8%). They bounced back in other construction installation (+1.5% after –0.3%). Lastly they rose while slightly slowing down in floor and wall covering (+0.8% after +1.3%), in plastering (+1.0% after +1.5 %) and in electrical installation (+1.1% after +1.6%).
Over the quarter, prices rose more in the non-residential sector (+2.1%) than in the residential sector (+1.8%).
Over one year, buildings' maintenance and improvement work prices rose by 3.8% in Q2 2021 (after +2.1% in the previous quarter). The increase was also higher in the non-residential sector (+4.1%) than in the residential sector (+3.6%).
Prices stabilized in other construction installation (–0.1% after –1.1%) but rose sharply in every other sector: in joinery installation (+5.7% after +3.2%), in roofing (+5.5% after +1.9%), in other specialised construction activities (+4.6% after +2.9%), in painting and glazing (+3.6% after +1.7%), in electrical installation (+3.1% after +1.6%), in plumbing, heat and air-conditioning installation (+2.9% after +1.4%) and, to a lesser extent, in floor and wall covering (+2.0% after +1.3%). This high rise concerned also work in plastering with a slight slowing down (+4.3% after +4.8%).
Revisions
The evolution in the IPEA price index between the fourth quarter of 2020 and the first quarter of 2021 was revised by +0.3 points at +1.6%.
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 | 105.3 |
| 2020-Q4 | 105.6 | 105.7 | 105.5 |
| 2021-Q1 | 107.3 | 107.4 | 107.3 |
| 2021-Q2 | 109.4 | 109.3 | 109.6 |
graphiqueBuildings' maintenance and improvement work price index
- Source: INSEE.
tableauBuildings’ maintenance and improvement work price index
| Weights (in %) | Q2 2021 | Q/Q-1 (1) | Q/Q-4 (2) | |
|---|---|---|---|---|
| Buildings maintenance and improvement work price index (IPEA) | 100 | 109.4 | 2.0 | 3.8 |
| Residential buildings | 62.4 | 109.3 | 1.8 | 3.6 |
| Non-residential buildings | 37.6 | 109.6 | 2.1 | 4.1 |
| All buildings by type of work | ||||
| 4321 - Electrical installation | 18.3 | 107.2 | 1.1 | 3.1 |
| 4322 - Plumbing. heat and air−conditioning installation | 20.1 | 108.2 | 1.7 | 2.9 |
| 4329 - Other construction installation | 5.8 | 103.9 | 1.5 | -0.1 |
| 4331 - Plastering | 3.3 | 116.5 | 1.0 | 4.3 |
| 4332 - Joinery installation | 18.2 | 112.4 | 2.6 | 5.7 |
| 4333 - Floor and wall covering | 4.2 | 105.7 | 0.8 | 2.0 |
| 4334 - Painting and glazing | 7.4 | 107.4 | 2.2 | 3.6 |
| 4391 - Roofing | 5.9 | 116.7 | 4.2 | 5.5 |
| 4399 - Other specialised construction activities | 16.7 | 109.5 | 2.1 | 4.6 |
- (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: 30 November 2021
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