France cost-of-construction index
France cost-of-construction index stood at 2,103 in Q2 2026, according to INSEE – Institut national de la statistique et des études économiques (BDM). It is one of the indicators in the Rents table (Value · Quarterly), with a complete series running from Q4 1953 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Rents table
| Indicator | Q3-2026 | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost-of-Construction Index (CCI) | 2,103 | 2,084 | 2,058 | 2,056 | 2,086 | 2,146 | 2,108 | 2,143 | 2,205 | ||
| Cost-of-Construction Index (CCI) - Average of the 4 latest values | 2,075.25 | 2,071 | 2,086.5 | 2,099 | 2,120.75 | 2,150.5 | 2,170.75 | 2,184.25 | 2,175 | ||
| Rent reference index (RRI) | 148.06 | 148.37 | 146.6 | 145.78 | 145.77 | 146.68 | 145.47 | 144.64 | 144.51 | 145.17 |
Understanding france cost-of-construction index
This measure tracks the evolution of construction outlays for new residential buildings across the economy, capturing changes in material prices, labor expenses, and contractor fees. Unlike indices tracking rental agreements or consumer prices, this metric reflects upstream producer costs incurred during the building process rather than the final transaction amounts paid by tenants. It excludes land acquisition expenditures, administrative fees, and subsequent property maintenance costs, focusing strictly on structural construction inputs.
Interpreting this series requires attention to potential revisions in preliminary estimates as late supplier pricing reports arrive. Because structural outlays experience gradual shifts rather than abrupt monthly jumps, analysts typically evaluate annual comparisons rather than quarter-to-quarter movements to filter out temporary supply chain noise. Analysts must avoid treating this indicator as a direct proxy for residential rental yields, since construction outlays can diverge sharply from contracted tenant pricing due to shifting financing conditions and housing demand dynamics.
Frequently asked questions
- What expenses are excluded from the cost-of-construction index?
- Land purchases, real estate developer margins, architect fees, and subsequent building maintenance costs are left out of this metric.
- Why use this series instead of consumer price indices?
- This measure isolates upstream structural construction inputs rather than tracking the broader basket of retail goods and services consumed by households.
- How frequently are preliminary cost estimates updated?
- Initial figures undergo periodic revisions as comprehensive contractor surveys and detailed material pricing reports are finalized.