{
  "id": "macro_economics/housing/es_housing_market_activity_monthly",
  "generated_at": "2026-06-02T18:30:46.838574+00:00",
  "last_refresh": "2026-06-02",
  "source": "ECB MIR monthly new housing loans and Eurostat table STS_COBP_M residential building permit dataset; mortgage series smoothed with a 3-month moving average before rebasing and weighting.",
  "source_description": "Monthly Spain housing market activity indicator based on a weighted combination of 3-month smoothed new mortgage lending and residential building permits, indexed to 2019 = 100.",
  "table_id": "macro_economics/housing/es_housing_market_activity_monthly",
  "meta": {
    "indicator_name": "Spain housing market activity",
    "indicator_description": "Monthly Spain housing market activity indicator based on a weighted combination of 3-month smoothed new mortgage lending and residential building permits, indexed to 2019 = 100.",
    "title": "Spain housing market activity",
    "description": "Monthly Spain housing market activity indicator based on a weighted combination of 3-month smoothed 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; mortgage series smoothed with a 3-month moving average before rebasing and weighting.",
    "source_description": "Monthly Spain housing market activity indicator based on a weighted combination of 3-month smoothed new mortgage lending and residential building permits, indexed to 2019 = 100.",
    "visibility": "public",
    "updated_at": "2026-06-02T17:33:59.225992Z",
    "last_refresh": "2026-06-02",
    "table_id": "macro_economics/housing/es_housing_market_activity_monthly",
    "topic": "Macroeconomics",
    "subtopic": "Housing",
    "geo": [
      "ES"
    ],
    "geo_included": [
      "ES"
    ],
    "page_slug": "spain-housing-market-activity",
    "page_url": "/indicators/macroeconomics/housing/spain-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": "Spain Housing Market Activity",
    "y_axis_label": "Index [2019=100]",
    "related_indicators": [
      {
        "title": "Spain Furniture Retail Market Size",
        "url": "/indicators/retail/market-size/spain-furniture-retail-turnover/",
        "label": "Market size"
      },
      {
        "title": "Spain Furniture Product Search Trend",
        "url": "/indicators/retail/online/spain-furniture-products-search-trend/",
        "label": "Online"
      },
      {
        "title": "France Housing Market Activity",
        "url": "/indicators/macroeconomics/housing/france-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": [
        "ES"
      ]
    },
    "methodology_url": "/methodology-housing-market-activity/",
    "methodology_label": "Housing Market Activity Methodology",
    "data_hash": "dfd60a3604df50bf4ce21ab853881d6323e9c95aa31d8776dafe16e320df33da",
    "trend_summary": "In February 2026, the indicator reached 158.9 index points, compared with 62.1 index points in January 2015. The latest month changed by 0.3 index points from January 2026, while the full-period change was 96.8 index points. Across the available history, the range runs from 58.7 in March 2015 to 172.7 in July 2025. The latest observation sits between the period low and high, so it should be read against both the March 2015 trough and the July 2025 peak.",
    "trend_summary_generated_at": "2026-06-02T18:31:20.002994+00:00",
    "trend_summary_source": "fallback",
    "key_findings": [
      "Spain housing activity is above the 2019 baseline, indicating a supportive signal for home-related demand.",
      "Recent stability in the housing signal keeps the demand outlook cautious, with no clear new impulse yet.",
      "This housing activity fits with the recent growth in furniture retail turnover, suggesting a potential link to consumer spending."
    ],
    "key_findings_source": "ai_rewrite",
    "key_findings_generated_at": "2026-06-02T18:31:24.705654+00:00",
    "chart_alt_text": "Line chart for Spain Housing Market Activity in index points. The series runs from 2015-01-01 to 2026-02-01; the latest value is 158.9 index points. The peak is 172.7 index points in 2025-07-01."
  },
  "data": [
    {
      "date": "2015-01-01",
      "geo": "ES",
      "value": 62.08
    },
    {
      "date": "2015-02-01",
      "geo": "ES",
      "value": 60.44
    },
    {
      "date": "2015-03-01",
      "geo": "ES",
      "value": 58.74
    },
    {
      "date": "2015-04-01",
      "geo": "ES",
      "value": 63.28
    },
    {
      "date": "2015-05-01",
      "geo": "ES",
      "value": 63.27
    },
    {
      "date": "2015-06-01",
      "geo": "ES",
      "value": 64.81
    },
    {
      "date": "2015-07-01",
      "geo": "ES",
      "value": 75.96
    },
    {
      "date": "2015-08-01",
      "geo": "ES",
      "value": 75.21
    },
    {
      "date": "2015-09-01",
      "geo": "ES",
      "value": 77.17
    },
    {
      "date": "2015-10-01",
      "geo": "ES",
      "value": 71.19
    },
    {
      "date": "2015-11-01",
      "geo": "ES",
      "value": 72.51
    },
    {
      "date": "2015-12-01",
      "geo": "ES",
      "value": 77.76
    },
    {
      "date": "2016-01-01",
      "geo": "ES",
      "value": 71.56
    },
    {
      "date": "2016-02-01",
      "geo": "ES",
      "value": 85.95
    },
    {
      "date": "2016-03-01",
      "geo": "ES",
      "value": 67.71
    },
    {
      "date": "2016-04-01",
      "geo": "ES",
      "value": 87.05
    },
    {
      "date": "2016-05-01",
      "geo": "ES",
      "value": 96.91
    },
    {
      "date": "2016-06-01",
      "geo": "ES",
      "value": 96.53
    },
    {
      "date": "2016-07-01",
      "geo": "ES",
      "value": 86.05
    },
    {
      "date": "2016-08-01",
      "geo": "ES",
      "value": 75.39
    },
    {
      "date": "2016-09-01",
      "geo": "ES",
      "value": 68.98
    },
    {
      "date": "2016-10-01",
      "geo": "ES",
      "value": 70.25
    },
    {
      "date": "2016-11-01",
      "geo": "ES",
      "value": 77.86
    },
    {
      "date": "2016-12-01",
      "geo": "ES",
      "value": 84.27
    },
    {
      "date": "2017-01-01",
      "geo": "ES",
      "value": 81.89
    },
    {
      "date": "2017-02-01",
      "geo": "ES",
      "value": 76.19
    },
    {
      "date": "2017-03-01",
      "geo": "ES",
      "value": 80.65
    },
    {
      "date": "2017-04-01",
      "geo": "ES",
      "value": 83.57
    },
    {
      "date": "2017-05-01",
      "geo": "ES",
      "value": 86.24
    },
    {
      "date": "2017-06-01",
      "geo": "ES",
      "value": 91.92
    },
    {
      "date": "2017-07-01",
      "geo": "ES",
      "value": 95.72
    },
    {
      "date": "2017-08-01",
      "geo": "ES",
      "value": 91.81
    },
    {
      "date": "2017-09-01",
      "geo": "ES",
      "value": 82.65
    },
    {
      "date": "2017-10-01",
      "geo": "ES",
      "value": 78.83
    },
    {
      "date": "2017-11-01",
      "geo": "ES",
      "value": 86.46
    },
    {
      "date": "2017-12-01",
      "geo": "ES",
      "value": 91.75
    },
    {
      "date": "2018-01-01",
      "geo": "ES",
      "value": 93.34
    },
    {
      "date": "2018-02-01",
      "geo": "ES",
      "value": 94.78
    },
    {
      "date": "2018-03-01",
      "geo": "ES",
      "value": 94.83
    },
    {
      "date": "2018-04-01",
      "geo": "ES",
      "value": 100.98
    },
    {
      "date": "2018-05-01",
      "geo": "ES",
      "value": 100.87
    },
    {
      "date": "2018-06-01",
      "geo": "ES",
      "value": 104.56
    },
    {
      "date": "2018-07-01",
      "geo": "ES",
      "value": 112.34
    },
    {
      "date": "2018-08-01",
      "geo": "ES",
      "value": 97.22
    },
    {
      "date": "2018-09-01",
      "geo": "ES",
      "value": 98.53
    },
    {
      "date": "2018-10-01",
      "geo": "ES",
      "value": 87.56
    },
    {
      "date": "2018-11-01",
      "geo": "ES",
      "value": 96.85
    },
    {
      "date": "2018-12-01",
      "geo": "ES",
      "value": 105.07
    },
    {
      "date": "2019-01-01",
      "geo": "ES",
      "value": 99.01
    },
    {
      "date": "2019-02-01",
      "geo": "ES",
      "value": 99.42
    },
    {
      "date": "2019-03-01",
      "geo": "ES",
      "value": 98.06
    },
    {
      "date": "2019-04-01",
      "geo": "ES",
      "value": 98.87
    },
    {
      "date": "2019-05-01",
      "geo": "ES",
      "value": 113.98
    },
    {
      "date": "2019-06-01",
      "geo": "ES",
      "value": 105.19
    },
    {
      "date": "2019-07-01",
      "geo": "ES",
      "value": 101.85
    },
    {
      "date": "2019-08-01",
      "geo": "ES",
      "value": 90.38
    },
    {
      "date": "2019-09-01",
      "geo": "ES",
      "value": 87.1
    },
    {
      "date": "2019-10-01",
      "geo": "ES",
      "value": 97.69
    },
    {
      "date": "2019-11-01",
      "geo": "ES",
      "value": 101.41
    },
    {
      "date": "2019-12-01",
      "geo": "ES",
      "value": 107.04
    },
    {
      "date": "2020-01-01",
      "geo": "ES",
      "value": 104.66
    },
    {
      "date": "2020-02-01",
      "geo": "ES",
      "value": 102.61
    },
    {
      "date": "2020-03-01",
      "geo": "ES",
      "value": 91.66
    },
    {
      "date": "2020-04-01",
      "geo": "ES",
      "value": 84.64
    },
    {
      "date": "2020-05-01",
      "geo": "ES",
      "value": 79.41
    },
    {
      "date": "2020-06-01",
      "geo": "ES",
      "value": 84.86
    },
    {
      "date": "2020-07-01",
      "geo": "ES",
      "value": 98.99
    },
    {
      "date": "2020-08-01",
      "geo": "ES",
      "value": 98.97
    },
    {
      "date": "2020-09-01",
      "geo": "ES",
      "value": 100.36
    },
    {
      "date": "2020-10-01",
      "geo": "ES",
      "value": 96.84
    },
    {
      "date": "2020-11-01",
      "geo": "ES",
      "value": 107.27
    },
    {
      "date": "2020-12-01",
      "geo": "ES",
      "value": 117.42
    },
    {
      "date": "2021-01-01",
      "geo": "ES",
      "value": 112.87
    },
    {
      "date": "2021-02-01",
      "geo": "ES",
      "value": 109.51
    },
    {
      "date": "2021-03-01",
      "geo": "ES",
      "value": 114.74
    },
    {
      "date": "2021-04-01",
      "geo": "ES",
      "value": 123.1
    },
    {
      "date": "2021-05-01",
      "geo": "ES",
      "value": 129.25
    },
    {
      "date": "2021-06-01",
      "geo": "ES",
      "value": 131.01
    },
    {
      "date": "2021-07-01",
      "geo": "ES",
      "value": 137.57
    },
    {
      "date": "2021-08-01",
      "geo": "ES",
      "value": 125.84
    },
    {
      "date": "2021-09-01",
      "geo": "ES",
      "value": 116.14
    },
    {
      "date": "2021-10-01",
      "geo": "ES",
      "value": 109.45
    },
    {
      "date": "2021-11-01",
      "geo": "ES",
      "value": 120.29
    },
    {
      "date": "2021-12-01",
      "geo": "ES",
      "value": 125.95
    },
    {
      "date": "2022-01-01",
      "geo": "ES",
      "value": 126.75
    },
    {
      "date": "2022-02-01",
      "geo": "ES",
      "value": 124.21
    },
    {
      "date": "2022-03-01",
      "geo": "ES",
      "value": 127.88
    },
    {
      "date": "2022-04-01",
      "geo": "ES",
      "value": 134.75
    },
    {
      "date": "2022-05-01",
      "geo": "ES",
      "value": 143.79
    },
    {
      "date": "2022-06-01",
      "geo": "ES",
      "value": 141.34
    },
    {
      "date": "2022-07-01",
      "geo": "ES",
      "value": 146.28
    },
    {
      "date": "2022-08-01",
      "geo": "ES",
      "value": 133.33
    },
    {
      "date": "2022-09-01",
      "geo": "ES",
      "value": 126.63
    },
    {
      "date": "2022-10-01",
      "geo": "ES",
      "value": 113.98
    },
    {
      "date": "2022-11-01",
      "geo": "ES",
      "value": 125.11
    },
    {
      "date": "2022-12-01",
      "geo": "ES",
      "value": 125.92
    },
    {
      "date": "2023-01-01",
      "geo": "ES",
      "value": 118.83
    },
    {
      "date": "2023-02-01",
      "geo": "ES",
      "value": 111.76
    },
    {
      "date": "2023-03-01",
      "geo": "ES",
      "value": 111.52
    },
    {
      "date": "2023-04-01",
      "geo": "ES",
      "value": 114.21
    },
    {
      "date": "2023-05-01",
      "geo": "ES",
      "value": 118.62
    },
    {
      "date": "2023-06-01",
      "geo": "ES",
      "value": 119.47
    },
    {
      "date": "2023-07-01",
      "geo": "ES",
      "value": 126.73
    },
    {
      "date": "2023-08-01",
      "geo": "ES",
      "value": 117.68
    },
    {
      "date": "2023-09-01",
      "geo": "ES",
      "value": 109.4
    },
    {
      "date": "2023-10-01",
      "geo": "ES",
      "value": 109.85
    },
    {
      "date": "2023-11-01",
      "geo": "ES",
      "value": 115.02
    },
    {
      "date": "2023-12-01",
      "geo": "ES",
      "value": 123.11
    },
    {
      "date": "2024-01-01",
      "geo": "ES",
      "value": 124.19
    },
    {
      "date": "2024-02-01",
      "geo": "ES",
      "value": 127.83
    },
    {
      "date": "2024-03-01",
      "geo": "ES",
      "value": 127.07
    },
    {
      "date": "2024-04-01",
      "geo": "ES",
      "value": 133.9
    },
    {
      "date": "2024-05-01",
      "geo": "ES",
      "value": 123.35
    },
    {
      "date": "2024-06-01",
      "geo": "ES",
      "value": 141.26
    },
    {
      "date": "2024-07-01",
      "geo": "ES",
      "value": 144.56
    },
    {
      "date": "2024-08-01",
      "geo": "ES",
      "value": 138.17
    },
    {
      "date": "2024-09-01",
      "geo": "ES",
      "value": 129.29
    },
    {
      "date": "2024-10-01",
      "geo": "ES",
      "value": 118.72
    },
    {
      "date": "2024-11-01",
      "geo": "ES",
      "value": 133.68
    },
    {
      "date": "2024-12-01",
      "geo": "ES",
      "value": 148.64
    },
    {
      "date": "2025-01-01",
      "geo": "ES",
      "value": 147.44
    },
    {
      "date": "2025-02-01",
      "geo": "ES",
      "value": 147.52
    },
    {
      "date": "2025-03-01",
      "geo": "ES",
      "value": 149.4
    },
    {
      "date": "2025-04-01",
      "geo": "ES",
      "value": 156.12
    },
    {
      "date": "2025-05-01",
      "geo": "ES",
      "value": 157.85
    },
    {
      "date": "2025-06-01",
      "geo": "ES",
      "value": 165.47
    },
    {
      "date": "2025-07-01",
      "geo": "ES",
      "value": 172.68
    },
    {
      "date": "2025-08-01",
      "geo": "ES",
      "value": 158.66
    },
    {
      "date": "2025-09-01",
      "geo": "ES",
      "value": 148.28
    },
    {
      "date": "2025-10-01",
      "geo": "ES",
      "value": 139.01
    },
    {
      "date": "2025-11-01",
      "geo": "ES",
      "value": 154.29
    },
    {
      "date": "2025-12-01",
      "geo": "ES",
      "value": 167.08
    },
    {
      "date": "2026-01-01",
      "geo": "ES",
      "value": 158.6
    },
    {
      "date": "2026-02-01",
      "geo": "ES",
      "value": 158.91
    }
  ]
}