{
  "id": "macro_economics/housing/ee_housing_market_activity_monthly",
  "generated_at": "2026-06-25T06:09:04.903954+00:00",
  "last_refresh": "2026-06-25",
  "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 Estonia 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/ee_housing_market_activity_monthly",
  "meta": {
    "indicator_name": "Estonia housing market activity",
    "indicator_description": "Monthly Estonia housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100.",
    "title": "Estonia housing market activity",
    "description": "Monthly Estonia 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 Estonia 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": "2026-06-25T05:47:23.528761Z",
    "last_refresh": "2026-06-25",
    "table_id": "macro_economics/housing/ee_housing_market_activity_monthly",
    "topic": "Macroeconomics",
    "subtopic": "Housing",
    "geo": [
      "EE"
    ],
    "geo_included": [
      "EE"
    ],
    "page_slug": "estonia-housing-market-activity",
    "page_url": "/indicators/macroeconomics/housing/estonia-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": 4,
    "chart_title": "Estonia Housing Market Activity",
    "y_axis_label": "Index [2019=100]",
    "related_indicators": [
      {
        "title": "Estonia Furniture Retail Market Size",
        "url": "/indicators/retail/market-size/estonia-furniture-retail-turnover/",
        "label": "Retail"
      },
      {
        "title": "Estonia Furniture Consumer Market Size",
        "url": "/indicators/retail/market-size/estonia-furniture-consumer-market-size/",
        "label": "Market size"
      },
      {
        "title": "Latvia Housing Market Activity",
        "url": "/indicators/macroeconomics/housing/latvia-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": [
        "EE"
      ]
    },
    "methodology_url": "/about/methodology/housing-market-activity/",
    "methodology_label": "Housing Market Activity Methodology",
    "data_hash": "79f3bc77c3459242e40611ea1eaf187a27f5d880fcb5d4407673a2247f80c9e2",
    "trend_summary": "In April 2026, the indicator reached 125.6 index points, compared with 76.9 index points in January 2016. The latest month changed by 7.4 index points from March 2026, while the full-period change was 48.7 index points. Across the available history, the range runs from 76.9 in January 2016 to 148.9 in June 2024. The latest observation sits between the period low and high, so it should be read against both the January 2016 trough and the June 2024 peak.",
    "trend_summary_generated_at": "2026-06-25T06:09:04.905152+00:00",
    "trend_summary_source": "fallback",
    "key_findings": [
      "Estonia housing activity is strong versus its 2019 baseline, giving a supportive signal for home-related demand.",
      "The indicator sits between its recent high and low, so the housing signal is mixed rather than extreme.",
      "Recent movement is weakening, which points to softer residential momentum."
    ],
    "key_findings_source": "housing_activity_rule",
    "chart_alt_text": "Line chart for Estonia Housing Market Activity in index points. The series runs from 2016-01-01 to 2026-04-01; the latest value is 125.6 index points. The peak is 148.9 index points in 2024-06-01."
  },
  "data": [
    {
      "date": "2016-01-01",
      "geo": "EE",
      "value": 76.93
    },
    {
      "date": "2016-02-01",
      "geo": "EE",
      "value": 81.79
    },
    {
      "date": "2016-03-01",
      "geo": "EE",
      "value": 87.22
    },
    {
      "date": "2016-04-01",
      "geo": "EE",
      "value": 92.46
    },
    {
      "date": "2016-05-01",
      "geo": "EE",
      "value": 99.45
    },
    {
      "date": "2016-06-01",
      "geo": "EE",
      "value": 98.19
    },
    {
      "date": "2016-07-01",
      "geo": "EE",
      "value": 99.0
    },
    {
      "date": "2016-08-01",
      "geo": "EE",
      "value": 94.73
    },
    {
      "date": "2016-09-01",
      "geo": "EE",
      "value": 96.16
    },
    {
      "date": "2016-10-01",
      "geo": "EE",
      "value": 96.62
    },
    {
      "date": "2016-11-01",
      "geo": "EE",
      "value": 97.25
    },
    {
      "date": "2016-12-01",
      "geo": "EE",
      "value": 97.34
    },
    {
      "date": "2017-01-01",
      "geo": "EE",
      "value": 102.8
    },
    {
      "date": "2017-02-01",
      "geo": "EE",
      "value": 100.17
    },
    {
      "date": "2017-03-01",
      "geo": "EE",
      "value": 100.9
    },
    {
      "date": "2017-04-01",
      "geo": "EE",
      "value": 101.22
    },
    {
      "date": "2017-05-01",
      "geo": "EE",
      "value": 107.86
    },
    {
      "date": "2017-06-01",
      "geo": "EE",
      "value": 110.07
    },
    {
      "date": "2017-07-01",
      "geo": "EE",
      "value": 107.67
    },
    {
      "date": "2017-08-01",
      "geo": "EE",
      "value": 104.93
    },
    {
      "date": "2017-09-01",
      "geo": "EE",
      "value": 102.19
    },
    {
      "date": "2017-10-01",
      "geo": "EE",
      "value": 109.77
    },
    {
      "date": "2017-11-01",
      "geo": "EE",
      "value": 108.79
    },
    {
      "date": "2018-01-01",
      "geo": "EE",
      "value": 98.24
    },
    {
      "date": "2018-02-01",
      "geo": "EE",
      "value": 95.58
    },
    {
      "date": "2018-03-01",
      "geo": "EE",
      "value": 95.41
    },
    {
      "date": "2018-04-01",
      "geo": "EE",
      "value": 98.92
    },
    {
      "date": "2018-05-01",
      "geo": "EE",
      "value": 105.43
    },
    {
      "date": "2018-06-01",
      "geo": "EE",
      "value": 107.15
    },
    {
      "date": "2018-07-01",
      "geo": "EE",
      "value": 104.64
    },
    {
      "date": "2018-08-01",
      "geo": "EE",
      "value": 99.66
    },
    {
      "date": "2018-09-01",
      "geo": "EE",
      "value": 96.49
    },
    {
      "date": "2018-11-01",
      "geo": "EE",
      "value": 102.23
    },
    {
      "date": "2018-12-01",
      "geo": "EE",
      "value": 97.47
    },
    {
      "date": "2019-01-01",
      "geo": "EE",
      "value": 88.4
    },
    {
      "date": "2019-02-01",
      "geo": "EE",
      "value": 84.43
    },
    {
      "date": "2019-03-01",
      "geo": "EE",
      "value": 88.68
    },
    {
      "date": "2019-04-01",
      "geo": "EE",
      "value": 98.75
    },
    {
      "date": "2019-05-01",
      "geo": "EE",
      "value": 105.57
    },
    {
      "date": "2019-06-01",
      "geo": "EE",
      "value": 107.23
    },
    {
      "date": "2019-07-01",
      "geo": "EE",
      "value": 111.88
    },
    {
      "date": "2019-09-01",
      "geo": "EE",
      "value": 108.1
    },
    {
      "date": "2019-10-01",
      "geo": "EE",
      "value": 105.43
    },
    {
      "date": "2019-11-01",
      "geo": "EE",
      "value": 102.24
    },
    {
      "date": "2019-12-01",
      "geo": "EE",
      "value": 99.29
    },
    {
      "date": "2020-02-01",
      "geo": "EE",
      "value": 98.35
    },
    {
      "date": "2020-03-01",
      "geo": "EE",
      "value": 102.58
    },
    {
      "date": "2020-04-01",
      "geo": "EE",
      "value": 104.7
    },
    {
      "date": "2020-05-01",
      "geo": "EE",
      "value": 102.17
    },
    {
      "date": "2020-06-01",
      "geo": "EE",
      "value": 93.29
    },
    {
      "date": "2020-08-01",
      "geo": "EE",
      "value": 97.84
    },
    {
      "date": "2020-09-01",
      "geo": "EE",
      "value": 104.75
    },
    {
      "date": "2020-10-01",
      "geo": "EE",
      "value": 95.61
    },
    {
      "date": "2020-11-01",
      "geo": "EE",
      "value": 99.82
    },
    {
      "date": "2020-12-01",
      "geo": "EE",
      "value": 98.39
    },
    {
      "date": "2021-01-01",
      "geo": "EE",
      "value": 106.25
    },
    {
      "date": "2021-02-01",
      "geo": "EE",
      "value": 105.58
    },
    {
      "date": "2021-03-01",
      "geo": "EE",
      "value": 115.94
    },
    {
      "date": "2021-04-01",
      "geo": "EE",
      "value": 125.79
    },
    {
      "date": "2021-05-01",
      "geo": "EE",
      "value": 132.66
    },
    {
      "date": "2021-06-01",
      "geo": "EE",
      "value": 123.6
    },
    {
      "date": "2021-07-01",
      "geo": "EE",
      "value": 118.48
    },
    {
      "date": "2021-08-01",
      "geo": "EE",
      "value": 110.66
    },
    {
      "date": "2021-09-01",
      "geo": "EE",
      "value": 115.73
    },
    {
      "date": "2021-10-01",
      "geo": "EE",
      "value": 117.71
    },
    {
      "date": "2021-11-01",
      "geo": "EE",
      "value": 124.99
    },
    {
      "date": "2021-12-01",
      "geo": "EE",
      "value": 124.85
    },
    {
      "date": "2022-01-01",
      "geo": "EE",
      "value": 117.85
    },
    {
      "date": "2022-02-01",
      "geo": "EE",
      "value": 112.2
    },
    {
      "date": "2022-03-01",
      "geo": "EE",
      "value": 115.32
    },
    {
      "date": "2022-04-01",
      "geo": "EE",
      "value": 110.14
    },
    {
      "date": "2022-05-01",
      "geo": "EE",
      "value": 118.38
    },
    {
      "date": "2022-06-01",
      "geo": "EE",
      "value": 114.01
    },
    {
      "date": "2022-07-01",
      "geo": "EE",
      "value": 111.72
    },
    {
      "date": "2022-08-01",
      "geo": "EE",
      "value": 104.25
    },
    {
      "date": "2022-09-01",
      "geo": "EE",
      "value": 102.52
    },
    {
      "date": "2022-10-01",
      "geo": "EE",
      "value": 106.58
    },
    {
      "date": "2022-11-01",
      "geo": "EE",
      "value": 102.82
    },
    {
      "date": "2022-12-01",
      "geo": "EE",
      "value": 95.07
    },
    {
      "date": "2023-01-01",
      "geo": "EE",
      "value": 83.93
    },
    {
      "date": "2023-02-01",
      "geo": "EE",
      "value": 80.13
    },
    {
      "date": "2023-03-01",
      "geo": "EE",
      "value": 90.22
    },
    {
      "date": "2023-04-01",
      "geo": "EE",
      "value": 89.31
    },
    {
      "date": "2023-05-01",
      "geo": "EE",
      "value": 99.74
    },
    {
      "date": "2023-06-01",
      "geo": "EE",
      "value": 97.36
    },
    {
      "date": "2023-07-01",
      "geo": "EE",
      "value": 102.56
    },
    {
      "date": "2023-08-01",
      "geo": "EE",
      "value": 98.01
    },
    {
      "date": "2023-09-01",
      "geo": "EE",
      "value": 94.6
    },
    {
      "date": "2023-10-01",
      "geo": "EE",
      "value": 100.67
    },
    {
      "date": "2023-11-01",
      "geo": "EE",
      "value": 97.08
    },
    {
      "date": "2023-12-01",
      "geo": "EE",
      "value": 91.24
    },
    {
      "date": "2024-01-01",
      "geo": "EE",
      "value": 78.25
    },
    {
      "date": "2024-02-01",
      "geo": "EE",
      "value": 85.38
    },
    {
      "date": "2024-03-01",
      "geo": "EE",
      "value": 100.17
    },
    {
      "date": "2024-04-01",
      "geo": "EE",
      "value": 128.15
    },
    {
      "date": "2024-05-01",
      "geo": "EE",
      "value": 141.14
    },
    {
      "date": "2024-06-01",
      "geo": "EE",
      "value": 148.95
    },
    {
      "date": "2024-07-01",
      "geo": "EE",
      "value": 135.05
    },
    {
      "date": "2024-08-01",
      "geo": "EE",
      "value": 126.55
    },
    {
      "date": "2024-09-01",
      "geo": "EE",
      "value": 120.68
    },
    {
      "date": "2024-10-01",
      "geo": "EE",
      "value": 120.51
    },
    {
      "date": "2024-11-01",
      "geo": "EE",
      "value": 127.28
    },
    {
      "date": "2025-01-01",
      "geo": "EE",
      "value": 147.98
    },
    {
      "date": "2025-02-01",
      "geo": "EE",
      "value": 141.92
    },
    {
      "date": "2025-03-01",
      "geo": "EE",
      "value": 137.46
    },
    {
      "date": "2025-04-01",
      "geo": "EE",
      "value": 131.22
    },
    {
      "date": "2025-05-01",
      "geo": "EE",
      "value": 137.14
    },
    {
      "date": "2025-06-01",
      "geo": "EE",
      "value": 138.28
    },
    {
      "date": "2025-07-01",
      "geo": "EE",
      "value": 138.54
    },
    {
      "date": "2025-08-01",
      "geo": "EE",
      "value": 134.86
    },
    {
      "date": "2025-09-01",
      "geo": "EE",
      "value": 136.16
    },
    {
      "date": "2025-10-01",
      "geo": "EE",
      "value": 129.12
    },
    {
      "date": "2025-11-01",
      "geo": "EE",
      "value": 128.36
    },
    {
      "date": "2025-12-01",
      "geo": "EE",
      "value": 123.72
    },
    {
      "date": "2026-01-01",
      "geo": "EE",
      "value": 115.01
    },
    {
      "date": "2026-02-01",
      "geo": "EE",
      "value": 114.32
    },
    {
      "date": "2026-03-01",
      "geo": "EE",
      "value": 118.21
    },
    {
      "date": "2026-04-01",
      "geo": "EE",
      "value": 125.61
    }
  ]
}