Informations Rapides ·
30 November 2022 · n° 318
In Q3 2022, prices of buildings' maintenance and improvement works rose by 1.9% Buildings maintenance and improvement price index - third quarter 2022
1.9% rise over a quarter
In Q3 2022, buildings’ maintenance and improvement work prices – IPEA – slowed down (+1.9% over a quarter, after +2.7%). Prices went up slightly more in the residential sector (+2.1%) than in the non-residential sector (+1.7%).
They rose strongly in joinery installation (+3.3% after +3.5%), in “other specialised construction works” (+3.1% after +2.9%), floor and wall covering (+2.4%, as in the previous quarter). Prices went up more moderately in “other construction installation” (+1.9% after +1.6%) and in painting and glazing (+1.8%, as in the previous quarter). At last, they decelerated in roofing (+1.7% after +3.2%), plumbing, heat and air-conditioning installation (+1.2% after +3.1%), plastering (+0.8% after +2.9%) and electrical installation (+0.4% after +1.2%).
9.9% rise over a year
Year on year, buildings' maintenance and improvement work prices went up by 9.9% in Q3 2022 (after +9.2% in the previous quarter). The rise was also higher in the residential sector (+10.4%) than in the non-residential sector (+9.2%).
Prices soared in joinery installation (+15.1% after +14.2%), plumbing, heat and air-conditioning installation (+12.0% after +12.6%), roofing (+10.6%, as in the previous quarter) and in “other specialised construction works” (+9.9% after +7.6%). Prices rose at a more moderate pace in floor and wall covering (+8.0% after +6.6%), plastering (+7.8% after +8.5%), in “other construction installation” (+6.2% after +2.4%), in painting and glazing (+5.9% after +4.6%), and in electrical installation (+5.5% after +6.3%).
Revisions
The evolution in the IPEA between the first and the second quarter of 2022 was revised upward by 0.4 points and now stands at +2.7%, after taking into account late responses in plastering works and in joinery installation works. This revision mainly concerned the residential sector.
tableauBuildings' maintenance and improvement work price index
| IPEA | IPEA residential | IPEA non residential | |
|---|---|---|---|
| 2022-Q3 | 121.7 | 122.2 | 121.0 |
| 2022-Q2 | 119.4 | 119.7 | 119.0 |
| 2022-Q1 | 116.3 | 116.4 | 116.3 |
| 2021-Q4 | 112.8 | 112.5 | 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 %) | Q3 2022 | Q/Q-1 (1) | Q/Q-4 (2) | |
|---|---|---|---|---|
| Buildings maintenance and improvement work price index (IPEA) | 100.0 | 121.7 | 1.9 | 9.9 |
| Residential buildings | 62.4 | 122.2 | 2.1 | 10.4 |
| Non-residential buildings | 37.6 | 121.0 | 1.7 | 9.2 |
| All buildings by type of work | ||||
| 4321 - Electrical installation | 18.3 | 114.9 | 0.4 | 5.5 |
| 4322 - Plumbing. heat and air−conditioning installation | 20.1 | 123.1 | 1.2 | 12.0 |
| 4329 - Other construction installation | 5.8 | 107.4 | 1.9 | 6.2 |
| 4331 - Plastering | 3.3 | 128.0 | 0.8 | 7.8 |
| 4332 - Joinery installation | 18.2 | 133.5 | 3.3 | 15.1 |
| 4333 - Floor and wall covering | 4.2 | 114.8 | 2.4 | 8.0 |
| 4334 - Painting and glazing | 7.4 | 112.6 | 1.8 | 5.9 |
| 4391 - Roofing | 5.9 | 131.4 | 1.7 | 10.6 |
| 4399 - Other specialised construction activities | 16.7 | 120.4 | 3.1 | 9.9 |
- (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: 28 February 2023
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