{
  "id": "macro_economics/housing/be_housing_market_activity_monthly",
  "generated_at": "2026-06-15T19:23:20.589054+00:00",
  "last_refresh": "2026-06-15",
  "source": "ECB MIR monthly new housing loans adjusted with Eurostat total dwelling house price index, and Eurostat residential building permit data; mortgage series smoothed with a 3-month moving average before rebasing and weighting.",
  "source_description": "Monthly Belgium housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100.",
  "table_id": "macro_economics/housing/be_housing_market_activity_monthly",
  "meta": {
    "indicator_name": "Belgium housing market activity",
    "indicator_description": "Monthly Belgium housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100.",
    "title": "Belgium housing market activity",
    "description": "Monthly Belgium housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100.",
    "source": "ECB MIR monthly new housing loans adjusted with Eurostat total dwelling house price index, and Eurostat residential building permit data; mortgage series smoothed with a 3-month moving average before rebasing and weighting.",
    "source_description": "Monthly Belgium housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100.",
    "visibility": "public",
    "updated_at": "2026-06-15T18:56:41.283127Z",
    "last_refresh": "2026-06-15",
    "table_id": "macro_economics/housing/be_housing_market_activity_monthly",
    "topic": "Macroeconomics",
    "subtopic": "Housing",
    "geo": [
      "BE"
    ],
    "geo_included": [
      "BE"
    ],
    "page_slug": "belgium-housing-market-activity",
    "page_url": "/indicators/macroeconomics/housing/belgium-housing-market-activity/",
    "chart_type": "line",
    "series_type": "single",
    "frequency": "monthly",
    "units": "Index (2019 = 100)",
    "legend": false,
    "featured_topic": true,
    "featured_subtopic": true,
    "featured_rank_topic": 5,
    "featured_rank_subtopic": 2,
    "chart_title": "Belgium Housing Market Activity",
    "y_axis_label": "Index [2019=100]",
    "related_indicators": [
      {
        "title": "Belgium Furniture Retail Market Size",
        "url": "/indicators/retail/market-size/belgium-furniture-retail-turnover/",
        "label": "Retail"
      },
      {
        "title": "Belgium Furniture Consumer Market Size",
        "url": "/indicators/retail/market-size/belgium-furniture-consumer-market-size/",
        "label": "Market size"
      },
      {
        "title": "Netherlands Housing Market Activity",
        "url": "/indicators/macroeconomics/housing/netherlands-housing-market-activity/",
        "label": "Housing"
      }
    ],
    "taxonomy_path": [
      "macroeconomics",
      "housing",
      "market-activity"
    ],
    "taxonomy_labels": [
      "Macroeconomics",
      "Housing",
      "Market activity"
    ],
    "taxonomy_nodes": [
      {
        "id": "macroeconomics",
        "label": "Macroeconomics",
        "has_page": true,
        "sort_order": 30
      },
      {
        "id": "housing",
        "label": "Housing",
        "has_page": true,
        "sort_order": 20
      },
      {
        "id": "market-activity",
        "label": "Market activity",
        "has_page": false,
        "sort_order": 10
      }
    ],
    "taxonomy_page_path": [
      "macroeconomics",
      "housing"
    ],
    "taxonomy_page_labels": [
      "Macroeconomics",
      "Housing"
    ],
    "taxonomy_collection": "market-activity",
    "taxonomy_collection_label": "Market activity",
    "entity": {
      "type": "country",
      "geo": [
        "BE"
      ]
    },
    "methodology_url": "/about/methodology/housing-market-activity/",
    "methodology_label": "Housing Market Activity Methodology",
    "data_hash": "824e387e28ee70853fd514f88b1a4dd45e650cd571cf0be6ad5da6d5282a3ee2",
    "trend_summary": "In February 2026, the indicator reached 67.9 index points, compared with 153.2 index points in January 2015. The latest month changed by -4 index points from January 2026, while the full-period change was -85.3 index points. Across the available history, the range runs from 58.2 in March 2024 to 164.8 in April 2015. The latest observation sits between the period low and high, so it should be read against both the March 2024 trough and the April 2015 peak.",
    "trend_summary_generated_at": "2026-06-15T19:23:47.227967+00:00",
    "trend_summary_source": "fallback",
    "key_findings": [
      "Belgium housing activity remains subdued at 67.9 index points, indicating a fragile backdrop for home-related demand.",
      "Recent declines in housing activity, down 4 points from January, suggest softer residential momentum.",
      "This housing signal should be viewed with Belgium's furniture retail market size, which reflects cautious consumer sentiment in 2025."
    ],
    "key_findings_source": "ai_rewrite",
    "key_findings_generated_at": "2026-06-15T19:23:51.480046+00:00",
    "chart_alt_text": "Line chart for Belgium Housing Market Activity in index points. The series runs from 2015-01-01 to 2026-02-01; the latest value is 67.9 index points. The peak is 164.8 index points in 2015-04-01."
  },
  "data": [
    {
      "date": "2015-01-01",
      "geo": "BE",
      "value": 153.21
    },
    {
      "date": "2015-02-01",
      "geo": "BE",
      "value": 148.23
    },
    {
      "date": "2015-03-01",
      "geo": "BE",
      "value": 161.84
    },
    {
      "date": "2015-04-01",
      "geo": "BE",
      "value": 164.82
    },
    {
      "date": "2015-05-01",
      "geo": "BE",
      "value": 160.02
    },
    {
      "date": "2015-06-01",
      "geo": "BE",
      "value": 158.17
    },
    {
      "date": "2015-07-01",
      "geo": "BE",
      "value": 151.39
    },
    {
      "date": "2015-08-01",
      "geo": "BE",
      "value": 143.8
    },
    {
      "date": "2015-09-01",
      "geo": "BE",
      "value": 128.25
    },
    {
      "date": "2015-10-01",
      "geo": "BE",
      "value": 116.68
    },
    {
      "date": "2015-11-01",
      "geo": "BE",
      "value": 108.76
    },
    {
      "date": "2015-12-01",
      "geo": "BE",
      "value": 99.73
    },
    {
      "date": "2016-01-01",
      "geo": "BE",
      "value": 101.4
    },
    {
      "date": "2016-02-01",
      "geo": "BE",
      "value": 103.81
    },
    {
      "date": "2016-03-01",
      "geo": "BE",
      "value": 107.2
    },
    {
      "date": "2016-04-01",
      "geo": "BE",
      "value": 138.34
    },
    {
      "date": "2016-05-01",
      "geo": "BE",
      "value": 135.2
    },
    {
      "date": "2016-06-01",
      "geo": "BE",
      "value": 137.33
    },
    {
      "date": "2016-07-01",
      "geo": "BE",
      "value": 142.46
    },
    {
      "date": "2016-08-01",
      "geo": "BE",
      "value": 141.46
    },
    {
      "date": "2016-09-01",
      "geo": "BE",
      "value": 125.86
    },
    {
      "date": "2016-10-01",
      "geo": "BE",
      "value": 122.49
    },
    {
      "date": "2016-11-01",
      "geo": "BE",
      "value": 114.19
    },
    {
      "date": "2016-12-01",
      "geo": "BE",
      "value": 116.04
    },
    {
      "date": "2017-01-01",
      "geo": "BE",
      "value": 110.45
    },
    {
      "date": "2017-02-01",
      "geo": "BE",
      "value": 105.46
    },
    {
      "date": "2017-03-01",
      "geo": "BE",
      "value": 101.01
    },
    {
      "date": "2017-04-01",
      "geo": "BE",
      "value": 93.95
    },
    {
      "date": "2017-05-01",
      "geo": "BE",
      "value": 91.57
    },
    {
      "date": "2017-06-01",
      "geo": "BE",
      "value": 94.4
    },
    {
      "date": "2017-07-01",
      "geo": "BE",
      "value": 81.99
    },
    {
      "date": "2017-08-01",
      "geo": "BE",
      "value": 78.84
    },
    {
      "date": "2017-09-01",
      "geo": "BE",
      "value": 85.61
    },
    {
      "date": "2017-10-01",
      "geo": "BE",
      "value": 90.69
    },
    {
      "date": "2017-11-01",
      "geo": "BE",
      "value": 87.64
    },
    {
      "date": "2017-12-01",
      "geo": "BE",
      "value": 87.87
    },
    {
      "date": "2018-01-01",
      "geo": "BE",
      "value": 87.47
    },
    {
      "date": "2018-02-01",
      "geo": "BE",
      "value": 95.54
    },
    {
      "date": "2018-03-01",
      "geo": "BE",
      "value": 98.76
    },
    {
      "date": "2018-04-01",
      "geo": "BE",
      "value": 99.89
    },
    {
      "date": "2018-05-01",
      "geo": "BE",
      "value": 106.62
    },
    {
      "date": "2018-06-01",
      "geo": "BE",
      "value": 90.92
    },
    {
      "date": "2018-07-01",
      "geo": "BE",
      "value": 88.13
    },
    {
      "date": "2018-08-01",
      "geo": "BE",
      "value": 88.23
    },
    {
      "date": "2018-09-01",
      "geo": "BE",
      "value": 87.31
    },
    {
      "date": "2018-10-01",
      "geo": "BE",
      "value": 87.67
    },
    {
      "date": "2018-11-01",
      "geo": "BE",
      "value": 95.68
    },
    {
      "date": "2018-12-01",
      "geo": "BE",
      "value": 96.16
    },
    {
      "date": "2019-01-01",
      "geo": "BE",
      "value": 88.07
    },
    {
      "date": "2019-02-01",
      "geo": "BE",
      "value": 85.41
    },
    {
      "date": "2019-03-01",
      "geo": "BE",
      "value": 86.36
    },
    {
      "date": "2019-04-01",
      "geo": "BE",
      "value": 87.71
    },
    {
      "date": "2019-05-01",
      "geo": "BE",
      "value": 88.53
    },
    {
      "date": "2019-06-01",
      "geo": "BE",
      "value": 96.03
    },
    {
      "date": "2019-07-01",
      "geo": "BE",
      "value": 106.41
    },
    {
      "date": "2019-08-01",
      "geo": "BE",
      "value": 106.17
    },
    {
      "date": "2019-09-01",
      "geo": "BE",
      "value": 110.63
    },
    {
      "date": "2019-10-01",
      "geo": "BE",
      "value": 108.23
    },
    {
      "date": "2019-11-01",
      "geo": "BE",
      "value": 110.87
    },
    {
      "date": "2019-12-01",
      "geo": "BE",
      "value": 125.57
    },
    {
      "date": "2020-01-01",
      "geo": "BE",
      "value": 121.26
    },
    {
      "date": "2020-02-01",
      "geo": "BE",
      "value": 113.0
    },
    {
      "date": "2020-03-01",
      "geo": "BE",
      "value": 89.43
    },
    {
      "date": "2020-04-01",
      "geo": "BE",
      "value": 79.74
    },
    {
      "date": "2020-05-01",
      "geo": "BE",
      "value": 77.49
    },
    {
      "date": "2020-06-01",
      "geo": "BE",
      "value": 80.51
    },
    {
      "date": "2020-07-01",
      "geo": "BE",
      "value": 90.6
    },
    {
      "date": "2020-08-01",
      "geo": "BE",
      "value": 94.61
    },
    {
      "date": "2020-09-01",
      "geo": "BE",
      "value": 87.94
    },
    {
      "date": "2020-10-01",
      "geo": "BE",
      "value": 99.08
    },
    {
      "date": "2020-11-01",
      "geo": "BE",
      "value": 105.64
    },
    {
      "date": "2020-12-01",
      "geo": "BE",
      "value": 109.9
    },
    {
      "date": "2021-01-01",
      "geo": "BE",
      "value": 108.35
    },
    {
      "date": "2021-02-01",
      "geo": "BE",
      "value": 102.76
    },
    {
      "date": "2021-03-01",
      "geo": "BE",
      "value": 105.32
    },
    {
      "date": "2021-04-01",
      "geo": "BE",
      "value": 105.43
    },
    {
      "date": "2021-05-01",
      "geo": "BE",
      "value": 110.82
    },
    {
      "date": "2021-06-01",
      "geo": "BE",
      "value": 114.91
    },
    {
      "date": "2021-07-01",
      "geo": "BE",
      "value": 117.84
    },
    {
      "date": "2021-08-01",
      "geo": "BE",
      "value": 102.6
    },
    {
      "date": "2021-09-01",
      "geo": "BE",
      "value": 99.12
    },
    {
      "date": "2021-10-01",
      "geo": "BE",
      "value": 97.82
    },
    {
      "date": "2021-11-01",
      "geo": "BE",
      "value": 93.27
    },
    {
      "date": "2021-12-01",
      "geo": "BE",
      "value": 97.19
    },
    {
      "date": "2022-01-01",
      "geo": "BE",
      "value": 95.29
    },
    {
      "date": "2022-02-01",
      "geo": "BE",
      "value": 95.82
    },
    {
      "date": "2022-03-01",
      "geo": "BE",
      "value": 101.76
    },
    {
      "date": "2022-04-01",
      "geo": "BE",
      "value": 91.46
    },
    {
      "date": "2022-05-01",
      "geo": "BE",
      "value": 96.08
    },
    {
      "date": "2022-06-01",
      "geo": "BE",
      "value": 91.23
    },
    {
      "date": "2022-07-01",
      "geo": "BE",
      "value": 87.68
    },
    {
      "date": "2022-08-01",
      "geo": "BE",
      "value": 88.15
    },
    {
      "date": "2022-09-01",
      "geo": "BE",
      "value": 83.08
    },
    {
      "date": "2022-10-01",
      "geo": "BE",
      "value": 80.45
    },
    {
      "date": "2022-11-01",
      "geo": "BE",
      "value": 79.69
    },
    {
      "date": "2022-12-01",
      "geo": "BE",
      "value": 77.79
    },
    {
      "date": "2023-01-01",
      "geo": "BE",
      "value": 73.94
    },
    {
      "date": "2023-02-01",
      "geo": "BE",
      "value": 71.28
    },
    {
      "date": "2023-03-01",
      "geo": "BE",
      "value": 64.37
    },
    {
      "date": "2023-04-01",
      "geo": "BE",
      "value": 65.15
    },
    {
      "date": "2023-05-01",
      "geo": "BE",
      "value": 66.22
    },
    {
      "date": "2023-06-01",
      "geo": "BE",
      "value": 65.73
    },
    {
      "date": "2023-07-01",
      "geo": "BE",
      "value": 69.73
    },
    {
      "date": "2023-08-01",
      "geo": "BE",
      "value": 61.37
    },
    {
      "date": "2023-09-01",
      "geo": "BE",
      "value": 64.29
    },
    {
      "date": "2023-10-01",
      "geo": "BE",
      "value": 69.22
    },
    {
      "date": "2023-11-01",
      "geo": "BE",
      "value": 68.76
    },
    {
      "date": "2023-12-01",
      "geo": "BE",
      "value": 70.34
    },
    {
      "date": "2024-01-01",
      "geo": "BE",
      "value": 60.24
    },
    {
      "date": "2024-02-01",
      "geo": "BE",
      "value": 66.25
    },
    {
      "date": "2024-03-01",
      "geo": "BE",
      "value": 58.21
    },
    {
      "date": "2024-04-01",
      "geo": "BE",
      "value": 60.11
    },
    {
      "date": "2024-05-01",
      "geo": "BE",
      "value": 58.43
    },
    {
      "date": "2024-06-01",
      "geo": "BE",
      "value": 66.33
    },
    {
      "date": "2024-07-01",
      "geo": "BE",
      "value": 68.22
    },
    {
      "date": "2024-08-01",
      "geo": "BE",
      "value": 66.8
    },
    {
      "date": "2024-09-01",
      "geo": "BE",
      "value": 66.1
    },
    {
      "date": "2024-10-01",
      "geo": "BE",
      "value": 67.32
    },
    {
      "date": "2024-11-01",
      "geo": "BE",
      "value": 71.49
    },
    {
      "date": "2024-12-01",
      "geo": "BE",
      "value": 69.45
    },
    {
      "date": "2025-01-01",
      "geo": "BE",
      "value": 69.99
    },
    {
      "date": "2025-02-01",
      "geo": "BE",
      "value": 70.87
    },
    {
      "date": "2025-03-01",
      "geo": "BE",
      "value": 68.71
    },
    {
      "date": "2025-04-01",
      "geo": "BE",
      "value": 70.5
    },
    {
      "date": "2025-05-01",
      "geo": "BE",
      "value": 70.06
    },
    {
      "date": "2025-06-01",
      "geo": "BE",
      "value": 71.87
    },
    {
      "date": "2025-07-01",
      "geo": "BE",
      "value": 72.44
    },
    {
      "date": "2025-08-01",
      "geo": "BE",
      "value": 72.08
    },
    {
      "date": "2025-09-01",
      "geo": "BE",
      "value": 73.35
    },
    {
      "date": "2025-10-01",
      "geo": "BE",
      "value": 72.72
    },
    {
      "date": "2025-11-01",
      "geo": "BE",
      "value": 73.14
    },
    {
      "date": "2025-12-01",
      "geo": "BE",
      "value": 80.84
    },
    {
      "date": "2026-01-01",
      "geo": "BE",
      "value": 71.91
    },
    {
      "date": "2026-02-01",
      "geo": "BE",
      "value": 67.9
    }
  ]
}