{
  "id": "macro_economics/housing/europe_housing_market_activity_monthly",
  "generated_at": "2026-07-15T09:23:33.338032+00:00",
  "last_refresh": "2026-07-13",
  "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. For Denmark, unusually high 2019 reference-year component months are capped at 90 before calculating the composite index.",
  "source_description": "Monthly Denmark housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100. For Denmark, unusually high 2019 reference-year component months are capped at 90 before calculating the composite index.",
  "table_id": "macro_economics/housing/europe_housing_market_activity_monthly",
  "meta": {
    "indicator_name": "Denmark Housing Market Activity",
    "indicator_description": "Monthly Denmark housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100. For Denmark, unusually high 2019 reference-year component months are capped at 90 before calculating the composite index.",
    "title": "Denmark Housing Market Activity",
    "description": "Monthly Denmark housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100. For Denmark, unusually high 2019 reference-year component months are capped at 90 before calculating the composite index.",
    "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. For Denmark, unusually high 2019 reference-year component months are capped at 90 before calculating the composite index.",
    "source_description": "Monthly Denmark housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100. For Denmark, unusually high 2019 reference-year component months are capped at 90 before calculating the composite index.",
    "visibility": "paid",
    "updated_at": "2026-07-13T10:34:51.038196Z",
    "last_refresh": "2026-07-13",
    "table_id": "macro_economics/housing/europe_housing_market_activity_monthly",
    "topic": "Macroeconomics",
    "subtopic": "Housing",
    "geo": [
      "DK"
    ],
    "geo_included": [
      "DK"
    ],
    "page_slug": "denmark-housing-market-activity",
    "page_url": "/indicators/macroeconomics/housing/denmark-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": "Denmark Housing Market Activity",
    "y_axis_label": "Index [2019=100]",
    "related_indicators": [
      {
        "title": "Denmark Furniture Market Hub",
        "url": "/market/denmark-furniture-market-hub/",
        "label": "Market hub"
      },
      {
        "title": "Denmark Furniture Retail Market Size",
        "url": "/indicators/retail/market-size/denmark-furniture-retail-turnover/",
        "label": "Retail"
      },
      {
        "title": "Denmark Furniture Consumer Market Size",
        "url": "/indicators/retail/market-size/denmark-furniture-consumer-market-size/",
        "label": "Market size"
      },
      {
        "title": "Sweden Housing Market Activity",
        "url": "/indicators/macroeconomics/housing/sweden-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": [
        "DK"
      ]
    },
    "methodology_url": "/about/methodology/housing-market-activity/",
    "methodology_label": "Housing Market Activity Methodology",
    "data_hash": "e2746fae86e6c8436bab1302071824d8a1d2e435c5092bd247bfa27797694978",
    "trend_summary": "The Denmark housing market activity index shows significant fluctuations over the observed period. It peaked in January 2020 at 122.2, followed by a general decline, reaching a low of 52.7 in March 2024. The latest level, at 60.1, remains below the historical average, indicating a subdued market. Recent momentum suggests mixed signals, with a 3.2% increase over six months but a 3.9% decrease over three months, while the year-on-year change is up by 11.7%. Yearly averages highlight a notable drop in 2023 and 2024 compared to previous years.",
    "trend_summary_generated_at": "2026-07-15T09:23:39.242556+00:00",
    "key_findings": [
      "Denmark housing activity remains subdued, pointing to a cautious backdrop for furniture, kitchens and home-related demand.",
      "Read alongside Denmark Furniture Retail Market Size and Denmark Furniture Consumer Market Size, soft housing activity keeps the furniture demand backdrop cautious.",
      "Recent movement is weakening, which points to softer residential momentum."
    ],
    "key_findings_source": "deterministic_related_context",
    "chart_alt_text": "Line chart for Denmark Housing Market Activity in index points. The series runs from 2017-08-01 to 2026-05-01; the latest value is 60.1 index points. The peak is 122.2 index points in 2020-01-01."
  },
  "data": [
    {
      "date": "2017-08-01",
      "geo": "DK",
      "value": 86.02
    },
    {
      "date": "2017-09-01",
      "geo": "DK",
      "value": 88.07
    },
    {
      "date": "2017-10-01",
      "geo": "DK",
      "value": 93.68
    },
    {
      "date": "2017-11-01",
      "geo": "DK",
      "value": 90.35
    },
    {
      "date": "2017-12-01",
      "geo": "DK",
      "value": 108.02
    },
    {
      "date": "2018-01-01",
      "geo": "DK",
      "value": 106.29
    },
    {
      "date": "2018-02-01",
      "geo": "DK",
      "value": 106.52
    },
    {
      "date": "2018-03-01",
      "geo": "DK",
      "value": 94.45
    },
    {
      "date": "2018-04-01",
      "geo": "DK",
      "value": 96.16
    },
    {
      "date": "2018-05-01",
      "geo": "DK",
      "value": 93.17
    },
    {
      "date": "2018-06-01",
      "geo": "DK",
      "value": 86.82
    },
    {
      "date": "2018-07-01",
      "geo": "DK",
      "value": 90.02
    },
    {
      "date": "2018-08-01",
      "geo": "DK",
      "value": 91.3
    },
    {
      "date": "2018-09-01",
      "geo": "DK",
      "value": 90.09
    },
    {
      "date": "2018-10-01",
      "geo": "DK",
      "value": 88.91
    },
    {
      "date": "2018-11-01",
      "geo": "DK",
      "value": 89.1
    },
    {
      "date": "2018-12-01",
      "geo": "DK",
      "value": 93.32
    },
    {
      "date": "2019-01-01",
      "geo": "DK",
      "value": 86.15
    },
    {
      "date": "2019-02-01",
      "geo": "DK",
      "value": 83.82
    },
    {
      "date": "2019-03-01",
      "geo": "DK",
      "value": 84.48
    },
    {
      "date": "2019-04-01",
      "geo": "DK",
      "value": 89.18
    },
    {
      "date": "2019-05-01",
      "geo": "DK",
      "value": 97.48
    },
    {
      "date": "2019-06-01",
      "geo": "DK",
      "value": 108.41
    },
    {
      "date": "2019-07-01",
      "geo": "DK",
      "value": 108.41
    },
    {
      "date": "2019-08-01",
      "geo": "DK",
      "value": 108.41
    },
    {
      "date": "2019-09-01",
      "geo": "DK",
      "value": 108.41
    },
    {
      "date": "2019-10-01",
      "geo": "DK",
      "value": 108.41
    },
    {
      "date": "2019-11-01",
      "geo": "DK",
      "value": 108.41
    },
    {
      "date": "2019-12-01",
      "geo": "DK",
      "value": 108.41
    },
    {
      "date": "2020-01-01",
      "geo": "DK",
      "value": 122.2
    },
    {
      "date": "2020-02-01",
      "geo": "DK",
      "value": 118.76
    },
    {
      "date": "2020-03-01",
      "geo": "DK",
      "value": 109.98
    },
    {
      "date": "2020-04-01",
      "geo": "DK",
      "value": 103.09
    },
    {
      "date": "2020-05-01",
      "geo": "DK",
      "value": 99.08
    },
    {
      "date": "2020-06-01",
      "geo": "DK",
      "value": 82.92
    },
    {
      "date": "2020-07-01",
      "geo": "DK",
      "value": 90.31
    },
    {
      "date": "2020-08-01",
      "geo": "DK",
      "value": 97.56
    },
    {
      "date": "2020-09-01",
      "geo": "DK",
      "value": 97.16
    },
    {
      "date": "2020-10-01",
      "geo": "DK",
      "value": 104.46
    },
    {
      "date": "2020-11-01",
      "geo": "DK",
      "value": 100.65
    },
    {
      "date": "2020-12-01",
      "geo": "DK",
      "value": 106.88
    },
    {
      "date": "2021-01-01",
      "geo": "DK",
      "value": 100.27
    },
    {
      "date": "2021-02-01",
      "geo": "DK",
      "value": 102.7
    },
    {
      "date": "2021-03-01",
      "geo": "DK",
      "value": 110.2
    },
    {
      "date": "2021-04-01",
      "geo": "DK",
      "value": 110.52
    },
    {
      "date": "2021-05-01",
      "geo": "DK",
      "value": 105.41
    },
    {
      "date": "2021-06-01",
      "geo": "DK",
      "value": 94.76
    },
    {
      "date": "2021-07-01",
      "geo": "DK",
      "value": 97.08
    },
    {
      "date": "2021-08-01",
      "geo": "DK",
      "value": 94.74
    },
    {
      "date": "2021-09-01",
      "geo": "DK",
      "value": 90.92
    },
    {
      "date": "2021-10-01",
      "geo": "DK",
      "value": 88.14
    },
    {
      "date": "2021-11-01",
      "geo": "DK",
      "value": 93.09
    },
    {
      "date": "2021-12-01",
      "geo": "DK",
      "value": 94.0
    },
    {
      "date": "2022-01-01",
      "geo": "DK",
      "value": 99.17
    },
    {
      "date": "2022-02-01",
      "geo": "DK",
      "value": 100.67
    },
    {
      "date": "2022-03-01",
      "geo": "DK",
      "value": 116.71
    },
    {
      "date": "2022-04-01",
      "geo": "DK",
      "value": 112.96
    },
    {
      "date": "2022-05-01",
      "geo": "DK",
      "value": 113.86
    },
    {
      "date": "2022-06-01",
      "geo": "DK",
      "value": 103.9
    },
    {
      "date": "2022-07-01",
      "geo": "DK",
      "value": 98.75
    },
    {
      "date": "2022-08-01",
      "geo": "DK",
      "value": 97.65
    },
    {
      "date": "2022-09-01",
      "geo": "DK",
      "value": 95.24
    },
    {
      "date": "2022-10-01",
      "geo": "DK",
      "value": 88.62
    },
    {
      "date": "2022-11-01",
      "geo": "DK",
      "value": 92.94
    },
    {
      "date": "2022-12-01",
      "geo": "DK",
      "value": 86.75
    },
    {
      "date": "2023-01-01",
      "geo": "DK",
      "value": 75.39
    },
    {
      "date": "2023-02-01",
      "geo": "DK",
      "value": 64.95
    },
    {
      "date": "2023-03-01",
      "geo": "DK",
      "value": 67.97
    },
    {
      "date": "2023-04-01",
      "geo": "DK",
      "value": 64.96
    },
    {
      "date": "2023-05-01",
      "geo": "DK",
      "value": 64.05
    },
    {
      "date": "2023-06-01",
      "geo": "DK",
      "value": 59.87
    },
    {
      "date": "2023-07-01",
      "geo": "DK",
      "value": 59.76
    },
    {
      "date": "2023-08-01",
      "geo": "DK",
      "value": 59.91
    },
    {
      "date": "2023-09-01",
      "geo": "DK",
      "value": 56.67
    },
    {
      "date": "2023-10-01",
      "geo": "DK",
      "value": 54.06
    },
    {
      "date": "2023-11-01",
      "geo": "DK",
      "value": 56.47
    },
    {
      "date": "2023-12-01",
      "geo": "DK",
      "value": 64.93
    },
    {
      "date": "2024-01-01",
      "geo": "DK",
      "value": 62.8
    },
    {
      "date": "2024-02-01",
      "geo": "DK",
      "value": 58.4
    },
    {
      "date": "2024-03-01",
      "geo": "DK",
      "value": 52.68
    },
    {
      "date": "2024-04-01",
      "geo": "DK",
      "value": 56.47
    },
    {
      "date": "2024-05-01",
      "geo": "DK",
      "value": 58.45
    },
    {
      "date": "2024-06-01",
      "geo": "DK",
      "value": 54.67
    },
    {
      "date": "2024-07-01",
      "geo": "DK",
      "value": 53.82
    },
    {
      "date": "2024-08-01",
      "geo": "DK",
      "value": 54.63
    },
    {
      "date": "2024-09-01",
      "geo": "DK",
      "value": 55.63
    },
    {
      "date": "2024-10-01",
      "geo": "DK",
      "value": 63.86
    },
    {
      "date": "2024-11-01",
      "geo": "DK",
      "value": 66.67
    },
    {
      "date": "2024-12-01",
      "geo": "DK",
      "value": 71.74
    },
    {
      "date": "2025-01-01",
      "geo": "DK",
      "value": 69.28
    },
    {
      "date": "2025-02-01",
      "geo": "DK",
      "value": 66.87
    },
    {
      "date": "2025-03-01",
      "geo": "DK",
      "value": 67.67
    },
    {
      "date": "2025-04-01",
      "geo": "DK",
      "value": 67.52
    },
    {
      "date": "2025-05-01",
      "geo": "DK",
      "value": 70.13
    },
    {
      "date": "2025-07-01",
      "geo": "DK",
      "value": 68.26
    },
    {
      "date": "2025-08-01",
      "geo": "DK",
      "value": 66.95
    },
    {
      "date": "2025-09-01",
      "geo": "DK",
      "value": 70.26
    },
    {
      "date": "2025-10-01",
      "geo": "DK",
      "value": 70.39
    },
    {
      "date": "2025-11-01",
      "geo": "DK",
      "value": 69.91
    },
    {
      "date": "2025-12-01",
      "geo": "DK",
      "value": 75.43
    },
    {
      "date": "2026-01-01",
      "geo": "DK",
      "value": 76.18
    },
    {
      "date": "2026-02-01",
      "geo": "DK",
      "value": 76.9
    },
    {
      "date": "2026-03-01",
      "geo": "DK",
      "value": 71.64
    },
    {
      "date": "2026-04-01",
      "geo": "DK",
      "value": 62.49
    },
    {
      "date": "2026-05-01",
      "geo": "DK",
      "value": 60.07
    }
  ]
}