Informations Rapides · 30 August 2024 · n° 221

In Q2 2024, prices of buildings' maintenance and improvement works were virtually stable over a quarter and increased by 1.4% over a year Buildings maintenance and improvement price index - second quarter 2024

In Q2 2024, buildings’ maintenance and improvement work prices (IPEA) were virtually stable over a quarter (+0.1% after rounding, +0.5% in Q1 2024 and +0.4% in Q4 2023). They were stable in the non-residential sector (after +0.6%), as in the residential sector (after +0.5%).

Prices bounced back for “other construction installation” (+0.9% after -1.4%) and kept rising at the same pace for painting and glazing (+0.5%, as in the first quarter). They slowed down for roofing (+0.3% after +0.5%), floor and wall covering (+0.2% after +0.7%), joinery installation (+0.2% after +0.5%) and plumbing, heat and air-conditioning installation (+0.1% after +1.3%).

Prices fell back for plastering (-0.2% after +0.4%), electrical installation (-0.2% after +0.5%), and “other specialised construction activities” (-0.6% after +0.4%).

Year on year, buildings' maintenance and improvement work prices slowed down marginally (+1.4% in Q2 2024, after +1.5% in the previous quarter). The price rise over a year was more pronounced in the non-residential sector (+1.7%) than in the residential sector (+1.1%).

Prices were rising the most for painting and glazing (+2.6% year on year, after +2.2%).

They were also rising markedly for floor and wall covering (+2.1% after +2.7%), as well as for roofing (+2.0% after +1.9%) and plumbing, heat and air-conditioning installation (+1.9% after +2.3%).

The rise in price was more moderate for electrical installation (+1.5% after +1.6%), “other construction installation” (+1.4% after +1.1%), as well as for plastering (+1.3% after +2.2%).

Finally, the sectors where prices rose the least over a year are joinery installation (+0.9% after +0.3%) and “other specialised construction activities” (+0.2% after +1.0%).

The quarterly evolution in the IPEA for the first quarter of 2024 has been revised upwards by 0.1 points at +0.5%, due to he integration of late responses from companies.