{
  "id": "macro_economics/housing/de_housing_market_activity_monthly",
  "generated_at": "2026-05-27T08:31:37.294504+00:00",
  "last_refresh": "2026-05-25",
  "source": "ECB MIR monthly new housing loans and Eurostat table STS_COBP_M residential building permit dataset.",
  "source_description": "Monthly Germany 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/de_housing_market_activity_monthly",
  "meta": {
    "indicator_name": "Germany housing market activity",
    "indicator_description": "Monthly Germany housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100.",
    "title": "Germany housing market activity",
    "description": "Monthly Germany 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 and Eurostat table STS_COBP_M residential building permit dataset.",
    "source_description": "Monthly Germany 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": "2026-05-25T06:49:01.436699Z",
    "last_refresh": "2026-05-25",
    "table_id": "macro_economics/housing/de_housing_market_activity_monthly",
    "topic": "Macroeconomics",
    "subtopic": "Housing",
    "geo": [
      "DE"
    ],
    "geo_included": [
      "DE"
    ],
    "page_slug": "germany-housing-market-activity",
    "page_url": "/indicators/macroeconomics/housing/germany-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": "Germany Housing Market Activity",
    "y_axis_label": "Index [2019=100]",
    "related_indicators": [
      {
        "title": "Germany Furniture Retail Market Size",
        "url": "/indicators/retail/market-size/germany-furniture-retail-turnover/",
        "label": "Market size"
      },
      {
        "title": "Germany Furniture Product Search Trend",
        "url": "/indicators/retail/online/germany-furniture-products-search-trend/",
        "label": "Online"
      },
      {
        "title": "France Housing Market Activity",
        "url": "/indicators/macroeconomics/housing/france-housing-market-activity/",
        "label": "Housing"
      }
    ],
    "data_hash": "6db805b3dfe73e8e22f10aea7ef0fea486988a139a4e65d7e822aa0926273647",
    "trend_summary": "In 2026-02-01, the indicator reached 79.2 Index [2019=100], compared with 86.8 Index [2019=100] in 2015-01-01. The latest year changed by 0 Index [2019=100] from 2026-01-01, while the full-period change was -7.5 Index [2019=100]. Across the available history, the range runs from 54.3 in 2023-12-01 to 133.6 in 2022-03-01. The latest observation sits between the period low and high, so it should be read against both the 2023-12-01 trough and the 2022-03-01 peak.",
    "trend_summary_generated_at": "2026-05-27T08:32:01.475962+00:00",
    "trend_summary_source": "fallback",
    "key_findings": [
      "German housing activity remains subdued, pointing to a cautious backdrop for furniture, kitchens and home-related demand.",
      "The series is still in the weaker part of its range, leaving the housing cycle fragile.",
      "Recent movement is improving, which points to some easing in housing-market pressure."
    ],
    "key_findings_source": "housing_activity_rule",
    "key_findings_rewrite_error": "Error code: 429 - {'error': {'message': 'You exceeded your current quota, please check your plan and billing details. For more information on this error, read the docs: https://platform.openai.com/docs/guides/error-codes/api-errors.', 'type': 'insufficient_quota', 'param': None, 'code': 'insufficient_quota'}}"
  },
  "data": [
    {
      "date": "2015-01-01",
      "geo": "DE",
      "value": 86.75
    },
    {
      "date": "2015-02-01",
      "geo": "DE",
      "value": 80.12
    },
    {
      "date": "2015-03-01",
      "geo": "DE",
      "value": 92.69
    },
    {
      "date": "2015-04-01",
      "geo": "DE",
      "value": 90.4
    },
    {
      "date": "2015-05-01",
      "geo": "DE",
      "value": 88.32
    },
    {
      "date": "2015-06-01",
      "geo": "DE",
      "value": 102.05
    },
    {
      "date": "2015-07-01",
      "geo": "DE",
      "value": 106.82
    },
    {
      "date": "2015-08-01",
      "geo": "DE",
      "value": 91.57
    },
    {
      "date": "2015-09-01",
      "geo": "DE",
      "value": 89.28
    },
    {
      "date": "2015-10-01",
      "geo": "DE",
      "value": 91.14
    },
    {
      "date": "2015-11-01",
      "geo": "DE",
      "value": 87.1
    },
    {
      "date": "2015-12-01",
      "geo": "DE",
      "value": 91.5
    },
    {
      "date": "2016-01-01",
      "geo": "DE",
      "value": 91.27
    },
    {
      "date": "2016-02-01",
      "geo": "DE",
      "value": 91.82
    },
    {
      "date": "2016-03-01",
      "geo": "DE",
      "value": 102.51
    },
    {
      "date": "2016-04-01",
      "geo": "DE",
      "value": 88.91
    },
    {
      "date": "2016-05-01",
      "geo": "DE",
      "value": 87.56
    },
    {
      "date": "2016-06-01",
      "geo": "DE",
      "value": 98.55
    },
    {
      "date": "2016-07-01",
      "geo": "DE",
      "value": 92.81
    },
    {
      "date": "2016-08-01",
      "geo": "DE",
      "value": 92.37
    },
    {
      "date": "2016-09-01",
      "geo": "DE",
      "value": 89.73
    },
    {
      "date": "2016-10-01",
      "geo": "DE",
      "value": 87.92
    },
    {
      "date": "2016-11-01",
      "geo": "DE",
      "value": 95.92
    },
    {
      "date": "2016-12-01",
      "geo": "DE",
      "value": 99.11
    },
    {
      "date": "2017-01-01",
      "geo": "DE",
      "value": 91.08
    },
    {
      "date": "2017-02-01",
      "geo": "DE",
      "value": 86.17
    },
    {
      "date": "2017-03-01",
      "geo": "DE",
      "value": 98.99
    },
    {
      "date": "2017-04-01",
      "geo": "DE",
      "value": 87.32
    },
    {
      "date": "2017-05-01",
      "geo": "DE",
      "value": 94.69
    },
    {
      "date": "2017-06-01",
      "geo": "DE",
      "value": 92.38
    },
    {
      "date": "2017-07-01",
      "geo": "DE",
      "value": 94.09
    },
    {
      "date": "2017-08-01",
      "geo": "DE",
      "value": 93.86
    },
    {
      "date": "2017-09-01",
      "geo": "DE",
      "value": 83.95
    },
    {
      "date": "2017-10-01",
      "geo": "DE",
      "value": 88.0
    },
    {
      "date": "2017-11-01",
      "geo": "DE",
      "value": 88.23
    },
    {
      "date": "2017-12-01",
      "geo": "DE",
      "value": 86.76
    },
    {
      "date": "2018-01-01",
      "geo": "DE",
      "value": 90.97
    },
    {
      "date": "2018-02-01",
      "geo": "DE",
      "value": 89.37
    },
    {
      "date": "2018-03-01",
      "geo": "DE",
      "value": 95.38
    },
    {
      "date": "2018-04-01",
      "geo": "DE",
      "value": 97.08
    },
    {
      "date": "2018-05-01",
      "geo": "DE",
      "value": 94.56
    },
    {
      "date": "2018-06-01",
      "geo": "DE",
      "value": 96.52
    },
    {
      "date": "2018-07-01",
      "geo": "DE",
      "value": 103.23
    },
    {
      "date": "2018-08-01",
      "geo": "DE",
      "value": 94.94
    },
    {
      "date": "2018-09-01",
      "geo": "DE",
      "value": 87.99
    },
    {
      "date": "2018-10-01",
      "geo": "DE",
      "value": 94.48
    },
    {
      "date": "2018-11-01",
      "geo": "DE",
      "value": 92.39
    },
    {
      "date": "2018-12-01",
      "geo": "DE",
      "value": 86.93
    },
    {
      "date": "2019-01-01",
      "geo": "DE",
      "value": 97.35
    },
    {
      "date": "2019-02-01",
      "geo": "DE",
      "value": 88.29
    },
    {
      "date": "2019-03-01",
      "geo": "DE",
      "value": 96.14
    },
    {
      "date": "2019-04-01",
      "geo": "DE",
      "value": 102.98
    },
    {
      "date": "2019-05-01",
      "geo": "DE",
      "value": 101.13
    },
    {
      "date": "2019-06-01",
      "geo": "DE",
      "value": 93.59
    },
    {
      "date": "2019-07-01",
      "geo": "DE",
      "value": 111.56
    },
    {
      "date": "2019-08-01",
      "geo": "DE",
      "value": 103.03
    },
    {
      "date": "2019-09-01",
      "geo": "DE",
      "value": 100.09
    },
    {
      "date": "2019-10-01",
      "geo": "DE",
      "value": 104.66
    },
    {
      "date": "2019-11-01",
      "geo": "DE",
      "value": 102.62
    },
    {
      "date": "2019-12-01",
      "geo": "DE",
      "value": 98.55
    },
    {
      "date": "2020-01-01",
      "geo": "DE",
      "value": 100.72
    },
    {
      "date": "2020-02-01",
      "geo": "DE",
      "value": 93.28
    },
    {
      "date": "2020-03-01",
      "geo": "DE",
      "value": 108.46
    },
    {
      "date": "2020-04-01",
      "geo": "DE",
      "value": 108.62
    },
    {
      "date": "2020-05-01",
      "geo": "DE",
      "value": 101.4
    },
    {
      "date": "2020-06-01",
      "geo": "DE",
      "value": 105.66
    },
    {
      "date": "2020-07-01",
      "geo": "DE",
      "value": 107.35
    },
    {
      "date": "2020-08-01",
      "geo": "DE",
      "value": 98.65
    },
    {
      "date": "2020-09-01",
      "geo": "DE",
      "value": 99.95
    },
    {
      "date": "2020-10-01",
      "geo": "DE",
      "value": 104.95
    },
    {
      "date": "2020-11-01",
      "geo": "DE",
      "value": 108.01
    },
    {
      "date": "2020-12-01",
      "geo": "DE",
      "value": 102.15
    },
    {
      "date": "2021-01-01",
      "geo": "DE",
      "value": 102.44
    },
    {
      "date": "2021-02-01",
      "geo": "DE",
      "value": 105.7
    },
    {
      "date": "2021-03-01",
      "geo": "DE",
      "value": 131.82
    },
    {
      "date": "2021-04-01",
      "geo": "DE",
      "value": 107.21
    },
    {
      "date": "2021-05-01",
      "geo": "DE",
      "value": 103.89
    },
    {
      "date": "2021-06-01",
      "geo": "DE",
      "value": 110.75
    },
    {
      "date": "2021-07-01",
      "geo": "DE",
      "value": 109.78
    },
    {
      "date": "2021-08-01",
      "geo": "DE",
      "value": 103.19
    },
    {
      "date": "2021-09-01",
      "geo": "DE",
      "value": 100.8
    },
    {
      "date": "2021-10-01",
      "geo": "DE",
      "value": 102.76
    },
    {
      "date": "2021-11-01",
      "geo": "DE",
      "value": 100.31
    },
    {
      "date": "2021-12-01",
      "geo": "DE",
      "value": 108.87
    },
    {
      "date": "2022-01-01",
      "geo": "DE",
      "value": 113.46
    },
    {
      "date": "2022-02-01",
      "geo": "DE",
      "value": 114.39
    },
    {
      "date": "2022-03-01",
      "geo": "DE",
      "value": 133.62
    },
    {
      "date": "2022-04-01",
      "geo": "DE",
      "value": 113.28
    },
    {
      "date": "2022-05-01",
      "geo": "DE",
      "value": 116.72
    },
    {
      "date": "2022-06-01",
      "geo": "DE",
      "value": 102.91
    },
    {
      "date": "2022-07-01",
      "geo": "DE",
      "value": 98.05
    },
    {
      "date": "2022-08-01",
      "geo": "DE",
      "value": 85.7
    },
    {
      "date": "2022-09-01",
      "geo": "DE",
      "value": 78.98
    },
    {
      "date": "2022-10-01",
      "geo": "DE",
      "value": 73.45
    },
    {
      "date": "2022-11-01",
      "geo": "DE",
      "value": 67.84
    },
    {
      "date": "2022-12-01",
      "geo": "DE",
      "value": 69.2
    },
    {
      "date": "2023-01-01",
      "geo": "DE",
      "value": 64.62
    },
    {
      "date": "2023-02-01",
      "geo": "DE",
      "value": 62.27
    },
    {
      "date": "2023-03-01",
      "geo": "DE",
      "value": 69.78
    },
    {
      "date": "2023-04-01",
      "geo": "DE",
      "value": 61.11
    },
    {
      "date": "2023-05-01",
      "geo": "DE",
      "value": 64.43
    },
    {
      "date": "2023-06-01",
      "geo": "DE",
      "value": 62.87
    },
    {
      "date": "2023-07-01",
      "geo": "DE",
      "value": 63.65
    },
    {
      "date": "2023-08-01",
      "geo": "DE",
      "value": 61.59
    },
    {
      "date": "2023-09-01",
      "geo": "DE",
      "value": 58.58
    },
    {
      "date": "2023-10-01",
      "geo": "DE",
      "value": 64.28
    },
    {
      "date": "2023-11-01",
      "geo": "DE",
      "value": 60.95
    },
    {
      "date": "2023-12-01",
      "geo": "DE",
      "value": 54.29
    },
    {
      "date": "2024-01-01",
      "geo": "DE",
      "value": 62.31
    },
    {
      "date": "2024-02-01",
      "geo": "DE",
      "value": 62.5
    },
    {
      "date": "2024-03-01",
      "geo": "DE",
      "value": 64.87
    },
    {
      "date": "2024-04-01",
      "geo": "DE",
      "value": 67.17
    },
    {
      "date": "2024-05-01",
      "geo": "DE",
      "value": 63.08
    },
    {
      "date": "2024-06-01",
      "geo": "DE",
      "value": 65.58
    },
    {
      "date": "2024-07-01",
      "geo": "DE",
      "value": 73.45
    },
    {
      "date": "2024-08-01",
      "geo": "DE",
      "value": 67.93
    },
    {
      "date": "2024-09-01",
      "geo": "DE",
      "value": 64.37
    },
    {
      "date": "2024-10-01",
      "geo": "DE",
      "value": 71.17
    },
    {
      "date": "2024-11-01",
      "geo": "DE",
      "value": 71.33
    },
    {
      "date": "2024-12-01",
      "geo": "DE",
      "value": 70.57
    },
    {
      "date": "2025-01-01",
      "geo": "DE",
      "value": 78.44
    },
    {
      "date": "2025-02-01",
      "geo": "DE",
      "value": 76.13
    },
    {
      "date": "2025-03-01",
      "geo": "DE",
      "value": 85.69
    },
    {
      "date": "2025-04-01",
      "geo": "DE",
      "value": 83.02
    },
    {
      "date": "2025-05-01",
      "geo": "DE",
      "value": 76.22
    },
    {
      "date": "2025-06-01",
      "geo": "DE",
      "value": 76.19
    },
    {
      "date": "2025-07-01",
      "geo": "DE",
      "value": 87.36
    },
    {
      "date": "2025-08-01",
      "geo": "DE",
      "value": 74.7
    },
    {
      "date": "2025-09-01",
      "geo": "DE",
      "value": 79.27
    },
    {
      "date": "2025-10-01",
      "geo": "DE",
      "value": 79.46
    },
    {
      "date": "2025-11-01",
      "geo": "DE",
      "value": 79.2
    },
    {
      "date": "2025-12-01",
      "geo": "DE",
      "value": 78.4
    },
    {
      "date": "2026-01-01",
      "geo": "DE",
      "value": 79.28
    },
    {
      "date": "2026-02-01",
      "geo": "DE",
      "value": 79.23
    }
  ]
}