Informations Rapides ·
28 February 2023 · n° 59
In Q4 2022, prices of buildings' maintenance and improvement works rose by 1.6% over
a quarter and by 9.8% over a year Buildings maintenance and improvement price index - fourth quarter 2022
1.6% rise over a quarter
In Q4 2022, buildings’ maintenance and improvement work prices – IPEA – kept slowing down (+1.6% over a quarter, after +2.1% in Q3 and +2.7% in Q2). Prices went up slightly more in the residential sector (+1.7%) than in the non-residential sector (+1.3%).
Prices rose markedly in joinery installation (+2.8% after +3.3%) and in “other specialised construction works” (+2.6% after +3.2%). Prices rose slightly more moderately in floor and wall covering (+2.0% after +2.6%), plastering (+1.9% after +1.3%), roofing (+1.7% after +2.0%) and painting and glazing (+1.6% after +2.0%). The rise was more limited for plumbing, heat and air-conditioning installation (+1.0% after +1.6%) and for electrical installation (+0.3% after +0.4%). Finally, prices fell in “other construction installation” (-0.8%) after a strong rise in the previous quarter (+2.0%).
9.8% rise over a year
Year on year, buildings' maintenance and improvement work prices went up by 9.8% in Q4 2022 (after +10.1% in the previous quarter). The rise was also higher in the residential sector (+10.8%) than in the non-residential sector (+8.2%).
Prices soared in joinery installation (+15.2% as in the previous quarter), in “other specialised construction works” (+11.9% after +9.9%), in plumbing, heat and air-conditioning installation (+10.7% after +12.5%) and in roofing (+10.6% after 10.9%). Prices rose at a more moderate pace, albeit slightly in floor and wall covering (+9.3% after +8.2%), plastering (+8.5% after +8.0%), painting and glazing (+7.2% after +6.3%) and significantly so for electrical installation (+4.2% after +5.5%) and “other construction installation” (+3.3% after +6.0%).
Revisions
The evolution in the IPEA between the second and the third quarter of 2022 was revised upwards by 0.2 points and now stands at +2.1%, after taking into account late responses especially in plastering works and in plumbing. This revision mainly concerned the residential sector.
tableauBuildings' maintenance and improvement work price index
| IPEA | IPEA residential | IPEA non residential | |
|---|---|---|---|
| 2022-Q4 | 123.8 | 124.6 | 122.5 |
| 2022-Q3 | 121.9 | 122.5 | 120.9 |
| 2022-Q2 | 119.4 | 119.7 | 118.9 |
| 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 %) | Q4 2022 | Q/Q-1 (1) | Q/Q-4 (2) | |
|---|---|---|---|---|
| Buildings maintenance and improvement work price index (IPEA) | 100.0 | 123.8 | 1.6 | 9.8 |
| Residential buildings | 62.4 | 124.6 | 1.7 | 10.8 |
| Non-residential buildings | 37.6 | 122.5 | 1.3 | 8.2 |
| All buildings by type of work | ||||
| 4321 - Electrical installation | 18.3 | 115.3 | 0.3 | 4.2 |
| 4322 - Plumbing. heat and air−conditioning installation | 20.1 | 124.8 | 1.0 | 10.7 |
| 4329 - Other construction installation | 5.8 | 106.3 | -0.8 | 3.3 |
| 4331 - Plastering | 3.3 | 130.6 | 1.9 | 8.5 |
| 4332 - Joinery installation | 18.2 | 137.4 | 2.8 | 15.2 |
| 4333 - Floor and wall covering | 4.2 | 117.3 | 2.0 | 9.3 |
| 4334 - Painting and glazing | 7.4 | 114.8 | 1.6 | 7.2 |
| 4391 - Roofing | 5.9 | 134.1 | 1.7 | 10.6 |
| 4399 - Other specialised construction activities | 16.7 | 123.6 | 2.6 | 11.9 |
- (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: 31 May 2023 at 12.00 p.m.
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