Informations Rapides ·
29 November 2024 · n° 304
In Q3 2024, prices of buildings' maintenance and improvement works were up by 0.2%
over a quarter and by 1.2% over a year Buildings maintenance and improvement price index - third quarter 2024
Moderate rise over a quarter
In Q3 2024, buildings’ maintenance and improvement work prices (IPEA) went up moderately over a quarter (+0.2% after +0.1% in Q2 2024 and +0.6% in Q1 2024). The rise was slightly more pronounced in the non-residential sector (+0.3% after a stability) than in the residential sector (+0.1% after +0.1%).
Prices accelerated for “other construction installation” (+1.1% after +0.9%), floor and wall covering (+0.6% after +0.2%) and roofing (+0.6% after +0.3%). They accelerated more slightly for plumbing, heat and air-conditioning installation (+0.3% after +0.2%). They slowed down slightly for painting and glazing (+0.3%, after +0.4%) and bounced back for plastering (+0.3% after -0.3%).
Prices were virtually stable for electrical installation (+0.1% after -0.1%) and stable for joinery installation (after +0.3%).
Prices went down moderately for “other specialised construction activities” (-0.3% after -0.6%).
Slight slowdown over a year
Year on year, buildings' maintenance and improvement work prices slowed down moderately (+1.2% in Q3 2024, after +1.4% 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 (+0.9%).
Prices were rising the most for painting and glazing (+2.1% year on year, after +2.2%) and floor and wall covering (+2.1% after +2.1%).
They were also rising markedly for plumbing, heat and air-conditioning installation (+1.9% after +2.0%) as well as “other construction installation” (+1.9% after +1.4%), roofing (+1.9% after +1.9%) and electrical installation (+1.6% after +1.6%).
The rise in price was more moderate for plastering (+0.8% after +1.4%).
Finally, the sectors where prices rose the least over a year are joinery installation (+0.4% after +1.0%) and “other specialised construction activities” (+0.1% after +0.2%).
Revisions
The quarterly change in the IPEA for the second quarter of 2024 is confirmed (after rounding), compared to the previous release: it still stands at +0.1%.
tableauBuildings' maintenance and improvement work price index
| IPEA | IPEA residential | IPEA non residential | |
|---|---|---|---|
| 2024-Q3 | 117.0 | 117.3 | 116.5 |
| 2024-Q2 | 116.8 | 117.2 | 116.1 |
| 2024-Q1 | 116.7 | 117.1 | 116.1 |
| 2023-Q4 | 116.0 | 116.4 | 115.4 |
| 2023-Q3 | 115.6 | 116.2 | 114.6 |
| 2023-Q2 | 115.2 | 115.8 | 114.2 |
| 2023-Q1 | 115.0 | 115.8 | 113.7 |
| 2022-Q4 | 112.4 | 113.2 | 111.1 |
| 2022-Q3 | 110.6 | 111.2 | 109.7 |
| 2022-Q2 | 108.5 | 108.8 | 108.0 |
| 2022-Q1 | 105.8 | 105.9 | 105.6 |
| 2021-Q4 | 102.5 | 102.4 | 102.8 |
| 2021-Q3 | 100.7 | 100.7 | 100.6 |
| 2021-Q2 | 99.3 | 99.4 | 99.2 |
| 2021-Q1 | 97.5 | 97.5 | 97.3 |
| 2020-Q4 | 96.0 | 96.1 | 95.7 |
| 2020-Q3 | 95.8 | 96.0 | 95.6 |
| 2020-Q2 | 95.8 | 95.9 | 95.6 |
| 2020-Q1 | 95.6 | 95.7 | 95.5 |
| 2019-Q4 | 95.2 | 95.3 | 95.0 |
| 2019-Q3 | 95.0 | 95.1 | 94.9 |
| 2019-Q2 | 94.8 | 94.9 | 94.6 |
| 2019-Q1 | 94.5 | 94.7 | 94.2 |
| 2018-Q4 | 93.8 | 93.9 | 93.6 |
| 2018-Q3 | 93.7 | 93.7 | 93.6 |
| 2018-Q2 | 93.6 | 93.7 | 93.4 |
| 2018-Q1 | 93.2 | 93.5 | 92.8 |
| 2017-Q4 | 92.7 | 92.9 | 92.4 |
| 2017-Q3 | 92.5 | 92.8 | 92.0 |
| 2017-Q2 | 92.3 | 92.5 | 92.1 |
| 2017-Q1 | 92.2 | 92.3 | 92.1 |
| 2016-Q4 | 91.9 | 91.8 | 91.8 |
| 2016-Q3 | 91.7 | 91.7 | 91.6 |
| 2016-Q2 | 91.6 | 91.6 | 91.6 |
| 2016-Q1 | 91.4 | 91.4 | 91.3 |
| 2015-Q4 | 90.9 | 91.0 | 90.8 |
| 2015-Q3 | 91.0 | 91.1 | 90.9 |
| 2015-Q2 | 90.9 | 90.9 | 90.8 |
| 2015-Q1 | 90.9 | 90.9 | 90.8 |
graphiqueBuildings' maintenance and improvement work price index
- Source: INSEE.
tableauBuildings’ maintenance and improvement work price index
| Weights (in %) | Q3 2024 | Q/Q-1 (1) | Q/Q-4 (2) | |
|---|---|---|---|---|
| Buildings maintenance and improvement work price index (IPEA) | 100.0 | 117.0 | 0.2 | 1.2 |
| Residential buildings | 72.2 | 117.3 | 0.1 | 0.9 |
| Non-residential buildings | 27.8 | 116.5 | 0.3 | 1.7 |
| All buildings by type of work | ||||
| 4321 - Electrical installation | 17.8 | 111.7 | 0.1 | 1.6 |
| 4322 - Plumbing. heat and air-conditioning installation | 20.1 | 121.0 | 0.3 | 1.9 |
| 4329 - Other construction installation | 5.4 | 111.2 | 1.1 | 1.9 |
| 4331 - Plastering | 3.3 | 116.0 | 0.3 | 0.8 |
| 4332 - Joinery installation | 17.6 | 122.9 | 0.0 | 0.4 |
| 4333 - Floor and wall covering | 3.7 | 116.3 | 0.6 | 2.1 |
| 4334 - Painting and glazing | 6.1 | 114.1 | 0.3 | 2.1 |
| 4391 - Roofing | 6.9 | 120.5 | 0.6 | 1.9 |
| 4399 - Other specialised construction activities | 19.1 | 113.6 | -0.3 | 0.1 |
- (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: 27 February 2025 at 12.00 p.m.
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