{
  "id": "macro_economics/housing/europe_housing_market_activity_monthly",
  "generated_at": "2026-07-15T09:25:00.278272+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.",
  "source_description": "Monthly France 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/europe_housing_market_activity_monthly",
  "meta": {
    "indicator_name": "France Housing Market Activity",
    "indicator_description": "Monthly France housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100.",
    "title": "France Housing Market Activity",
    "description": "Monthly France 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 France housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100.",
    "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": [
      "FR"
    ],
    "geo_included": [
      "FR"
    ],
    "page_slug": "france-housing-market-activity",
    "page_url": "/indicators/macroeconomics/housing/france-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": "France Housing Market Activity",
    "y_axis_label": "Index [2019=100]",
    "related_indicators": [
      {
        "title": "France Furniture Market Hub",
        "url": "/market/france-furniture-market-hub/",
        "label": "Market hub"
      },
      {
        "title": "France Furniture Retail Market Size",
        "url": "/indicators/retail/market-size/france-furniture-retail-turnover/",
        "label": "Market size"
      },
      {
        "title": "France Furniture Product Search Trend",
        "url": "/indicators/retail/online/france-furniture-products-search-trend/",
        "label": "Online"
      },
      {
        "title": "Germany Housing Market Activity",
        "url": "/indicators/macroeconomics/housing/germany-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": [
        "FR"
      ]
    },
    "methodology_url": "/about/methodology/housing-market-activity/",
    "methodology_label": "Housing Market Activity Methodology",
    "data_hash": "cbe3b1dbb34219d6ec5738ae0bd3fab797214a7431989be98c08256927b30957",
    "trend_summary": "In May 2026, the indicator reached 71.5 index points, compared with 71.7 index points in January 2015. The latest month changed by 4.4 index points from April 2026, while the full-period change was -0.1 index points. Across the available history, the range runs from 47.8 in March 2024 to 156.4 in February 2017. The latest observation sits between the period low and high, so it should be read against both the March 2024 trough and the February 2017 peak.",
    "trend_summary_generated_at": "2026-07-15T09:25:15.933346+00:00",
    "trend_summary_source": "fallback",
    "key_findings": [
      "French housing activity remains subdued, pointing to a cautious backdrop for furniture, kitchens and home-related demand.",
      "Read alongside France Furniture Retail Market Size and France Furniture Product Search Trend, soft housing activity keeps the furniture demand backdrop cautious.",
      "Recent movement is improving, which points to some easing in housing-market pressure."
    ],
    "key_findings_source": "deterministic_related_context",
    "chart_alt_text": "Line chart for France Housing Market Activity in index points. The series runs from 2015-01-01 to 2026-05-01; the latest value is 71.5 index points. The peak is 156.4 index points in 2017-02-01."
  },
  "data": [
    {
      "date": "2015-01-01",
      "geo": "FR",
      "value": 71.65
    },
    {
      "date": "2015-02-01",
      "geo": "FR",
      "value": 70.85
    },
    {
      "date": "2015-03-01",
      "geo": "FR",
      "value": 75.58
    },
    {
      "date": "2015-04-01",
      "geo": "FR",
      "value": 81.35
    },
    {
      "date": "2015-05-01",
      "geo": "FR",
      "value": 82.99
    },
    {
      "date": "2015-06-01",
      "geo": "FR",
      "value": 91.42
    },
    {
      "date": "2015-07-01",
      "geo": "FR",
      "value": 100.88
    },
    {
      "date": "2015-08-01",
      "geo": "FR",
      "value": 109.88
    },
    {
      "date": "2015-09-01",
      "geo": "FR",
      "value": 108.74
    },
    {
      "date": "2015-10-01",
      "geo": "FR",
      "value": 101.66
    },
    {
      "date": "2015-11-01",
      "geo": "FR",
      "value": 97.62
    },
    {
      "date": "2015-12-01",
      "geo": "FR",
      "value": 92.77
    },
    {
      "date": "2016-01-01",
      "geo": "FR",
      "value": 87.19
    },
    {
      "date": "2016-02-01",
      "geo": "FR",
      "value": 84.67
    },
    {
      "date": "2016-03-01",
      "geo": "FR",
      "value": 79.11
    },
    {
      "date": "2016-04-01",
      "geo": "FR",
      "value": 84.93
    },
    {
      "date": "2016-05-01",
      "geo": "FR",
      "value": 89.65
    },
    {
      "date": "2016-06-01",
      "geo": "FR",
      "value": 100.08
    },
    {
      "date": "2016-07-01",
      "geo": "FR",
      "value": 110.71
    },
    {
      "date": "2016-08-01",
      "geo": "FR",
      "value": 122.12
    },
    {
      "date": "2016-09-01",
      "geo": "FR",
      "value": 126.84
    },
    {
      "date": "2016-10-01",
      "geo": "FR",
      "value": 124.94
    },
    {
      "date": "2016-11-01",
      "geo": "FR",
      "value": 130.97
    },
    {
      "date": "2016-12-01",
      "geo": "FR",
      "value": 140.66
    },
    {
      "date": "2017-01-01",
      "geo": "FR",
      "value": 151.91
    },
    {
      "date": "2017-02-01",
      "geo": "FR",
      "value": 156.37
    },
    {
      "date": "2017-03-01",
      "geo": "FR",
      "value": 155.2
    },
    {
      "date": "2017-04-01",
      "geo": "FR",
      "value": 138.29
    },
    {
      "date": "2017-05-01",
      "geo": "FR",
      "value": 134.29
    },
    {
      "date": "2017-06-01",
      "geo": "FR",
      "value": 125.29
    },
    {
      "date": "2017-07-01",
      "geo": "FR",
      "value": 121.89
    },
    {
      "date": "2017-08-01",
      "geo": "FR",
      "value": 110.68
    },
    {
      "date": "2017-09-01",
      "geo": "FR",
      "value": 99.28
    },
    {
      "date": "2017-10-01",
      "geo": "FR",
      "value": 86.77
    },
    {
      "date": "2017-11-01",
      "geo": "FR",
      "value": 84.21
    },
    {
      "date": "2017-12-01",
      "geo": "FR",
      "value": 94.83
    },
    {
      "date": "2018-01-01",
      "geo": "FR",
      "value": 93.56
    },
    {
      "date": "2018-02-01",
      "geo": "FR",
      "value": 94.63
    },
    {
      "date": "2018-03-01",
      "geo": "FR",
      "value": 87.92
    },
    {
      "date": "2018-04-01",
      "geo": "FR",
      "value": 87.23
    },
    {
      "date": "2018-05-01",
      "geo": "FR",
      "value": 90.86
    },
    {
      "date": "2018-06-01",
      "geo": "FR",
      "value": 90.65
    },
    {
      "date": "2018-07-01",
      "geo": "FR",
      "value": 96.62
    },
    {
      "date": "2018-08-01",
      "geo": "FR",
      "value": 100.54
    },
    {
      "date": "2018-09-01",
      "geo": "FR",
      "value": 97.14
    },
    {
      "date": "2018-10-01",
      "geo": "FR",
      "value": 92.83
    },
    {
      "date": "2018-11-01",
      "geo": "FR",
      "value": 88.97
    },
    {
      "date": "2018-12-01",
      "geo": "FR",
      "value": 92.78
    },
    {
      "date": "2019-01-01",
      "geo": "FR",
      "value": 93.27
    },
    {
      "date": "2019-02-01",
      "geo": "FR",
      "value": 90.53
    },
    {
      "date": "2019-03-01",
      "geo": "FR",
      "value": 91.0
    },
    {
      "date": "2019-04-01",
      "geo": "FR",
      "value": 92.13
    },
    {
      "date": "2019-05-01",
      "geo": "FR",
      "value": 91.63
    },
    {
      "date": "2019-06-01",
      "geo": "FR",
      "value": 96.05
    },
    {
      "date": "2019-07-01",
      "geo": "FR",
      "value": 105.14
    },
    {
      "date": "2019-08-01",
      "geo": "FR",
      "value": 108.08
    },
    {
      "date": "2019-09-01",
      "geo": "FR",
      "value": 106.5
    },
    {
      "date": "2019-10-01",
      "geo": "FR",
      "value": 106.45
    },
    {
      "date": "2019-11-01",
      "geo": "FR",
      "value": 105.58
    },
    {
      "date": "2019-12-01",
      "geo": "FR",
      "value": 113.64
    },
    {
      "date": "2020-01-01",
      "geo": "FR",
      "value": 113.48
    },
    {
      "date": "2020-02-01",
      "geo": "FR",
      "value": 112.41
    },
    {
      "date": "2020-03-01",
      "geo": "FR",
      "value": 99.64
    },
    {
      "date": "2020-04-01",
      "geo": "FR",
      "value": 82.75
    },
    {
      "date": "2020-05-01",
      "geo": "FR",
      "value": 84.65
    },
    {
      "date": "2020-06-01",
      "geo": "FR",
      "value": 93.39
    },
    {
      "date": "2020-07-01",
      "geo": "FR",
      "value": 93.31
    },
    {
      "date": "2020-08-01",
      "geo": "FR",
      "value": 94.45
    },
    {
      "date": "2020-09-01",
      "geo": "FR",
      "value": 96.11
    },
    {
      "date": "2020-10-01",
      "geo": "FR",
      "value": 97.64
    },
    {
      "date": "2020-11-01",
      "geo": "FR",
      "value": 100.98
    },
    {
      "date": "2020-12-01",
      "geo": "FR",
      "value": 101.56
    },
    {
      "date": "2021-01-01",
      "geo": "FR",
      "value": 97.76
    },
    {
      "date": "2021-02-01",
      "geo": "FR",
      "value": 93.79
    },
    {
      "date": "2021-03-01",
      "geo": "FR",
      "value": 91.53
    },
    {
      "date": "2021-04-01",
      "geo": "FR",
      "value": 98.14
    },
    {
      "date": "2021-05-01",
      "geo": "FR",
      "value": 105.96
    },
    {
      "date": "2021-06-01",
      "geo": "FR",
      "value": 111.78
    },
    {
      "date": "2021-07-01",
      "geo": "FR",
      "value": 119.06
    },
    {
      "date": "2021-08-01",
      "geo": "FR",
      "value": 116.37
    },
    {
      "date": "2021-09-01",
      "geo": "FR",
      "value": 111.36
    },
    {
      "date": "2021-10-01",
      "geo": "FR",
      "value": 103.91
    },
    {
      "date": "2021-11-01",
      "geo": "FR",
      "value": 100.07
    },
    {
      "date": "2021-12-01",
      "geo": "FR",
      "value": 102.69
    },
    {
      "date": "2022-01-01",
      "geo": "FR",
      "value": 106.06
    },
    {
      "date": "2022-02-01",
      "geo": "FR",
      "value": 114.28
    },
    {
      "date": "2022-03-01",
      "geo": "FR",
      "value": 108.46
    },
    {
      "date": "2022-04-01",
      "geo": "FR",
      "value": 106.26
    },
    {
      "date": "2022-05-01",
      "geo": "FR",
      "value": 109.83
    },
    {
      "date": "2022-06-01",
      "geo": "FR",
      "value": 107.48
    },
    {
      "date": "2022-07-01",
      "geo": "FR",
      "value": 108.24
    },
    {
      "date": "2022-08-01",
      "geo": "FR",
      "value": 110.39
    },
    {
      "date": "2022-09-01",
      "geo": "FR",
      "value": 90.34
    },
    {
      "date": "2022-10-01",
      "geo": "FR",
      "value": 80.54
    },
    {
      "date": "2022-11-01",
      "geo": "FR",
      "value": 75.77
    },
    {
      "date": "2022-12-01",
      "geo": "FR",
      "value": 74.58
    },
    {
      "date": "2023-01-01",
      "geo": "FR",
      "value": 75.17
    },
    {
      "date": "2023-02-01",
      "geo": "FR",
      "value": 71.82
    },
    {
      "date": "2023-03-01",
      "geo": "FR",
      "value": 67.32
    },
    {
      "date": "2023-04-01",
      "geo": "FR",
      "value": 67.52
    },
    {
      "date": "2023-05-01",
      "geo": "FR",
      "value": 66.59
    },
    {
      "date": "2023-06-01",
      "geo": "FR",
      "value": 68.04
    },
    {
      "date": "2023-07-01",
      "geo": "FR",
      "value": 66.55
    },
    {
      "date": "2023-08-01",
      "geo": "FR",
      "value": 65.21
    },
    {
      "date": "2023-09-01",
      "geo": "FR",
      "value": 58.37
    },
    {
      "date": "2023-10-01",
      "geo": "FR",
      "value": 59.78
    },
    {
      "date": "2023-11-01",
      "geo": "FR",
      "value": 55.98
    },
    {
      "date": "2023-12-01",
      "geo": "FR",
      "value": 57.71
    },
    {
      "date": "2024-01-01",
      "geo": "FR",
      "value": 53.4
    },
    {
      "date": "2024-02-01",
      "geo": "FR",
      "value": 50.77
    },
    {
      "date": "2024-03-01",
      "geo": "FR",
      "value": 47.8
    },
    {
      "date": "2024-04-01",
      "geo": "FR",
      "value": 49.57
    },
    {
      "date": "2024-05-01",
      "geo": "FR",
      "value": 50.68
    },
    {
      "date": "2024-06-01",
      "geo": "FR",
      "value": 52.6
    },
    {
      "date": "2024-07-01",
      "geo": "FR",
      "value": 59.13
    },
    {
      "date": "2024-08-01",
      "geo": "FR",
      "value": 60.67
    },
    {
      "date": "2024-09-01",
      "geo": "FR",
      "value": 57.94
    },
    {
      "date": "2024-10-01",
      "geo": "FR",
      "value": 55.91
    },
    {
      "date": "2024-11-01",
      "geo": "FR",
      "value": 55.96
    },
    {
      "date": "2024-12-01",
      "geo": "FR",
      "value": 59.52
    },
    {
      "date": "2025-01-01",
      "geo": "FR",
      "value": 59.91
    },
    {
      "date": "2025-02-01",
      "geo": "FR",
      "value": 60.76
    },
    {
      "date": "2025-03-01",
      "geo": "FR",
      "value": 61.43
    },
    {
      "date": "2025-04-01",
      "geo": "FR",
      "value": 67.44
    },
    {
      "date": "2025-05-01",
      "geo": "FR",
      "value": 66.58
    },
    {
      "date": "2025-06-01",
      "geo": "FR",
      "value": 70.43
    },
    {
      "date": "2025-07-01",
      "geo": "FR",
      "value": 71.4
    },
    {
      "date": "2025-08-01",
      "geo": "FR",
      "value": 71.26
    },
    {
      "date": "2025-09-01",
      "geo": "FR",
      "value": 69.99
    },
    {
      "date": "2025-10-01",
      "geo": "FR",
      "value": 67.01
    },
    {
      "date": "2025-11-01",
      "geo": "FR",
      "value": 64.95
    },
    {
      "date": "2025-12-01",
      "geo": "FR",
      "value": 69.66
    },
    {
      "date": "2026-01-01",
      "geo": "FR",
      "value": 67.61
    },
    {
      "date": "2026-02-01",
      "geo": "FR",
      "value": 69.15
    },
    {
      "date": "2026-03-01",
      "geo": "FR",
      "value": 74.9
    },
    {
      "date": "2026-04-01",
      "geo": "FR",
      "value": 67.15
    },
    {
      "date": "2026-05-01",
      "geo": "FR",
      "value": 71.51
    }
  ]
}