Informations Rapides ·
30 November 2021 · n° 314
In Q3 2021, the prices of buildings' maintenance and improvement works rose by +0.7% Buildings maintenance and improvement price index - third quarter 2021
In Q3 2021, buildings’ maintenance and improvement work prices – IPEA – kept rising but at a slower pace (+0.7% over the quarter after +2.0% in Q2 and +1.5% in Q1). The rise was particularly marked in joinery installation (+1.8% after +3.2%) and, to a lesser degree, in roofing (+1.4% after +4.4%).
Conversely, prices fell back strongly in other construction installation works (–1.7% after +1.1%).
Prices rose at a more moderate pace in floor and wall covering (+0.9% after +0.7%) and in electrical installation (+1.0% after +1.3%). Lastly they slowed down in plastering (+0.7% after +1.6%), plumbing, heat and air-conditioning installation (+0.7% after +1.5%), painting and glazing (+0.5% after +1.9%) and in other specialised construction works (+0.4% after +1.2%).
Over the quarter, prices rose more in the non-residential sector (+0.9%) than in the residential sector (+0.7%).
Over one year, buildings' maintenance and improvement work prices went up by 4.5% in Q3 2021 (after +3.7% in the previous quarter). The increase was also higher in the non-residential sector (+4.7%) than in the residential sector (+4.4%).
The drop in other construction installation deepened (–1.5% after –0.9%) but prices were on a sharp rise and accelerated in mostly every other sector: in roofing (+8.2% after +5.7%), joinery installation (+8.0% after +6.3%), in other specialised construction works(+4.4% after +3.7%), electrical installation (+4.1% after +3.1%), painting and glazing (+3.2% after +3.1%), in plumbing, heat and air-conditioning installation (+3.0% after +2.6%) and in floor and wall covering (+2.9% after +1.9%). Prices in plastering works also went up sharply, albeit at a slower pace (+4.0% after +4.9%).
Revisions
The evolution in the IPEA price index between the first and the second quarter of 2021 was not revised and is still at +2.0%.
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 | 105.4 |
| 2021-Q1 | 107.2 | 107.2 | 107.3 |
| 2021-Q2 | 109.3 | 109.3 | 109.2 |
| 2021-Q3 | 110.1 | 110.1 | 110.2 |
graphiqueBuildings' maintenance and improvement work price index
- Source: INSEE.
tableauBuildings’ maintenance and improvement work price index
| Weights (in %) | Q3 2021 | Q/Q-1 (1) | Q/Q-4 (2) | |
|---|---|---|---|---|
| Buildings maintenance and improvement work price index (IPEA) | 100 | 110.1 | 0.7 | 4.5 |
| Residential buildings | 62.4 | 110.1 | 0.7 | 4.4 |
| Non-residential buildings | 37.6 | 110.2 | 0.9 | 4.7 |
| All buildings by type of work | ||||
| 4321 - Electrical installation | 18.3 | 108.3 | 1.0 | 4.1 |
| 4322 - Plumbing. heat and air−conditioning installation | 20.1 | 108.7 | 0.7 | 3.0 |
| 4329 - Other construction installation | 5.8 | 101.3 | -1.7 | -1.5 |
| 4331 - Plastering | 3.3 | 118.0 | 0.7 | 4.0 |
| 4332 - Joinery installation | 18.2 | 115.0 | 1.8 | 8.0 |
| 4333 - Floor and wall covering | 4.2 | 106.6 | 0.9 | 2.9 |
| 4334 - Painting and glazing | 7.4 | 107.4 | 0.5 | 3.2 |
| 4391 - Roofing | 5.9 | 118.5 | 1.4 | 8.2 |
| 4399 - Other specialised construction activities | 16.7 | 109.0 | 0.4 | 4.4 |
- (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: 25 February 2022
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