{
  "id": "macro_economics/housing/europe_housing_market_activity_monthly",
  "generated_at": "2026-10-07T14:37:06.107192+00:00",
  "last_refresh": "2026-10-05",
  "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 Hungary 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": "Hungary Housing Market Activity",
    "indicator_description": "Monthly Hungary housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100.",
    "title": "Hungary Housing Market Activity",
    "description": "Monthly Hungary 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 Hungary 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": "2026-10-05T15:53:45.921495Z",
    "last_refresh": "2026-10-05",
    "table_id": "macro_economics/housing/europe_housing_market_activity_monthly",
    "topic": "Macroeconomics",
    "subtopic": "Housing",
    "geo": [
      "HU"
    ],
    "geo_included": [
      "HU"
    ],
    "page_slug": "hungary-housing-market-activity",
    "page_url": "/indicators/macroeconomics/housing/hungary-housing-market-activity/",
    "chart_type": "line",
    "series_type": "single",
    "frequency": "monthly",
    "units": "Index (2019 = 100)",
    "legend": false,
    "featured_topic": false,
    "featured_subtopic": false,
    "featured_rank_topic": null,
    "featured_rank_subtopic": null,
    "chart_title": "Hungary Housing Market Activity",
    "y_axis_label": "Index [2019=100]",
    "related_indicators": [
      {
        "title": "Hungary Furniture Market Hub",
        "url": "/market/hungary-furniture-market-hub/",
        "label": "Market hub"
      },
      {
        "title": "Hungary Furniture Consumer Market Size",
        "url": "/indicators/retail/market-size/hungary-furniture-consumer-market-size/",
        "label": "Market size"
      },
      {
        "title": "Hungary Furniture Production Market Size",
        "url": "/indicators/industry/market-size/hungary-furniture-production-turnover/",
        "label": "Industry"
      },
      {
        "title": "Hungary Consumer Confidence",
        "url": "/indicators/macroeconomics/consumer-sentiment/hungary-consumer-confidence/",
        "label": "Sentiment"
      },
      {
        "title": "HUF per EUR Exchange Rate",
        "url": "/indicators/macroeconomics/exchange-rates/huf-eur-exchange-rate/",
        "label": "Currency"
      }
    ],
    "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": [
        "HU"
      ]
    },
    "methodology_url": "/about/methodology/housing-market-activity/",
    "methodology_label": "Housing Market Activity Methodology",
    "data_hash": "8cff603dcc83baad85756d4dc5f9611e2c266dd1da8b1f377eae5c7bfa9d755f",
    "trend_summary": "The Hungary Housing Market Activity chart shows significant fluctuations over time. The market reached a trough of 42.2 in March 2023, followed by a recovery leading to a peak of 166.9 in early 2026. The latest level, at 129.3, indicates a strong recovery from the 2023 low point. Recent momentum is strong, with year-over-year increases of 52.3% over three months, 67.0% over six months, and 45.5% over twelve months, indicating a robust upward trend. Broadly, the market has seen varying annual averages, with a marked dip in 2023 followed by a gradual recovery in subsequent years.",
    "trend_summary_generated_at": "2026-10-07T14:37:14.083017+00:00",
    "key_findings": [
      "Hungary housing activity is strong at 129.3, indicating robust home-related demand versus the 2019 baseline.",
      "The indicator's position between recent highs and lows suggests a mixed housing signal, not yet showing a clear new impulse.",
      "Recent upward momentum, with a 45.5% increase over twelve months, fits with cautious optimism in Hungary's furniture market."
    ],
    "key_findings_source": "ai_rewrite",
    "key_findings_generated_at": "2026-10-07T14:37:16.828164+00:00",
    "chart_alt_text": "Line chart for Hungary Housing Market Activity in index points. The series runs from 2017-08-01 to 2026-06-01; the latest value is 129.3 index points. The peak is 166.9 index points in 2026-01-01."
  },
  "data": [
    {
      "date": "2017-08-01",
      "geo": "HU",
      "value": 107.71
    },
    {
      "date": "2017-09-01",
      "geo": "HU",
      "value": 109.33
    },
    {
      "date": "2017-10-01",
      "geo": "HU",
      "value": 111.8
    },
    {
      "date": "2017-11-01",
      "geo": "HU",
      "value": 99.64
    },
    {
      "date": "2017-12-01",
      "geo": "HU",
      "value": 99.06
    },
    {
      "date": "2018-01-01",
      "geo": "HU",
      "value": 105.25
    },
    {
      "date": "2018-02-01",
      "geo": "HU",
      "value": 99.22
    },
    {
      "date": "2018-03-01",
      "geo": "HU",
      "value": 96.3
    },
    {
      "date": "2018-04-01",
      "geo": "HU",
      "value": 94.13
    },
    {
      "date": "2018-05-01",
      "geo": "HU",
      "value": 102.78
    },
    {
      "date": "2018-06-01",
      "geo": "HU",
      "value": 109.86
    },
    {
      "date": "2018-07-01",
      "geo": "HU",
      "value": 115.88
    },
    {
      "date": "2018-08-01",
      "geo": "HU",
      "value": 126.39
    },
    {
      "date": "2018-09-01",
      "geo": "HU",
      "value": 112.78
    },
    {
      "date": "2018-10-01",
      "geo": "HU",
      "value": 108.35
    },
    {
      "date": "2018-11-01",
      "geo": "HU",
      "value": 115.14
    },
    {
      "date": "2018-12-01",
      "geo": "HU",
      "value": 107.92
    },
    {
      "date": "2019-01-01",
      "geo": "HU",
      "value": 97.09
    },
    {
      "date": "2019-02-01",
      "geo": "HU",
      "value": 89.77
    },
    {
      "date": "2019-03-01",
      "geo": "HU",
      "value": 102.92
    },
    {
      "date": "2019-04-01",
      "geo": "HU",
      "value": 99.44
    },
    {
      "date": "2019-05-01",
      "geo": "HU",
      "value": 104.58
    },
    {
      "date": "2019-06-01",
      "geo": "HU",
      "value": 102.38
    },
    {
      "date": "2019-07-01",
      "geo": "HU",
      "value": 120.75
    },
    {
      "date": "2019-08-01",
      "geo": "HU",
      "value": 108.46
    },
    {
      "date": "2019-09-01",
      "geo": "HU",
      "value": 90.79
    },
    {
      "date": "2019-10-01",
      "geo": "HU",
      "value": 92.74
    },
    {
      "date": "2019-11-01",
      "geo": "HU",
      "value": 92.35
    },
    {
      "date": "2019-12-01",
      "geo": "HU",
      "value": 98.73
    },
    {
      "date": "2020-01-01",
      "geo": "HU",
      "value": 93.0
    },
    {
      "date": "2020-02-01",
      "geo": "HU",
      "value": 89.02
    },
    {
      "date": "2020-03-01",
      "geo": "HU",
      "value": 91.79
    },
    {
      "date": "2020-04-01",
      "geo": "HU",
      "value": 84.65
    },
    {
      "date": "2020-05-01",
      "geo": "HU",
      "value": 81.78
    },
    {
      "date": "2020-06-01",
      "geo": "HU",
      "value": 82.91
    },
    {
      "date": "2020-07-01",
      "geo": "HU",
      "value": 78.96
    },
    {
      "date": "2020-08-01",
      "geo": "HU",
      "value": 82.59
    },
    {
      "date": "2020-09-01",
      "geo": "HU",
      "value": 88.67
    },
    {
      "date": "2020-10-01",
      "geo": "HU",
      "value": 88.38
    },
    {
      "date": "2020-11-01",
      "geo": "HU",
      "value": 89.44
    },
    {
      "date": "2020-12-01",
      "geo": "HU",
      "value": 90.41
    },
    {
      "date": "2021-01-01",
      "geo": "HU",
      "value": 88.96
    },
    {
      "date": "2021-02-01",
      "geo": "HU",
      "value": 86.23
    },
    {
      "date": "2021-03-01",
      "geo": "HU",
      "value": 88.55
    },
    {
      "date": "2021-04-01",
      "geo": "HU",
      "value": 102.6
    },
    {
      "date": "2021-05-01",
      "geo": "HU",
      "value": 110.56
    },
    {
      "date": "2021-06-01",
      "geo": "HU",
      "value": 129.24
    },
    {
      "date": "2021-07-01",
      "geo": "HU",
      "value": 124.4
    },
    {
      "date": "2021-08-01",
      "geo": "HU",
      "value": 118.42
    },
    {
      "date": "2021-09-01",
      "geo": "HU",
      "value": 121.37
    },
    {
      "date": "2021-10-01",
      "geo": "HU",
      "value": 113.4
    },
    {
      "date": "2021-11-01",
      "geo": "HU",
      "value": 108.57
    },
    {
      "date": "2021-12-01",
      "geo": "HU",
      "value": 99.38
    },
    {
      "date": "2022-01-01",
      "geo": "HU",
      "value": 99.29
    },
    {
      "date": "2022-02-01",
      "geo": "HU",
      "value": 105.96
    },
    {
      "date": "2022-03-01",
      "geo": "HU",
      "value": 106.54
    },
    {
      "date": "2022-04-01",
      "geo": "HU",
      "value": 115.12
    },
    {
      "date": "2022-05-01",
      "geo": "HU",
      "value": 121.18
    },
    {
      "date": "2022-06-01",
      "geo": "HU",
      "value": 114.89
    },
    {
      "date": "2022-07-01",
      "geo": "HU",
      "value": 113.94
    },
    {
      "date": "2022-08-01",
      "geo": "HU",
      "value": 91.45
    },
    {
      "date": "2022-09-01",
      "geo": "HU",
      "value": 85.47
    },
    {
      "date": "2022-10-01",
      "geo": "HU",
      "value": 83.61
    },
    {
      "date": "2022-11-01",
      "geo": "HU",
      "value": 69.7
    },
    {
      "date": "2022-12-01",
      "geo": "HU",
      "value": 64.03
    },
    {
      "date": "2023-01-01",
      "geo": "HU",
      "value": 49.56
    },
    {
      "date": "2023-02-01",
      "geo": "HU",
      "value": 43.14
    },
    {
      "date": "2023-03-01",
      "geo": "HU",
      "value": 42.18
    },
    {
      "date": "2023-04-01",
      "geo": "HU",
      "value": 43.49
    },
    {
      "date": "2023-05-01",
      "geo": "HU",
      "value": 51.12
    },
    {
      "date": "2023-06-01",
      "geo": "HU",
      "value": 46.02
    },
    {
      "date": "2023-07-01",
      "geo": "HU",
      "value": 46.02
    },
    {
      "date": "2023-08-01",
      "geo": "HU",
      "value": 46.63
    },
    {
      "date": "2023-09-01",
      "geo": "HU",
      "value": 47.24
    },
    {
      "date": "2023-10-01",
      "geo": "HU",
      "value": 54.23
    },
    {
      "date": "2023-11-01",
      "geo": "HU",
      "value": 53.54
    },
    {
      "date": "2023-12-01",
      "geo": "HU",
      "value": 57.35
    },
    {
      "date": "2024-01-01",
      "geo": "HU",
      "value": 58.68
    },
    {
      "date": "2024-02-01",
      "geo": "HU",
      "value": 64.08
    },
    {
      "date": "2024-03-01",
      "geo": "HU",
      "value": 59.17
    },
    {
      "date": "2024-04-01",
      "geo": "HU",
      "value": 66.59
    },
    {
      "date": "2024-05-01",
      "geo": "HU",
      "value": 73.58
    },
    {
      "date": "2024-06-01",
      "geo": "HU",
      "value": 78.26
    },
    {
      "date": "2024-07-01",
      "geo": "HU",
      "value": 79.66
    },
    {
      "date": "2024-08-01",
      "geo": "HU",
      "value": 76.46
    },
    {
      "date": "2024-09-01",
      "geo": "HU",
      "value": 90.32
    },
    {
      "date": "2024-10-01",
      "geo": "HU",
      "value": 68.49
    },
    {
      "date": "2024-11-01",
      "geo": "HU",
      "value": 68.75
    },
    {
      "date": "2024-12-01",
      "geo": "HU",
      "value": 90.92
    },
    {
      "date": "2025-01-01",
      "geo": "HU",
      "value": 72.66
    },
    {
      "date": "2025-02-01",
      "geo": "HU",
      "value": 75.09
    },
    {
      "date": "2025-03-01",
      "geo": "HU",
      "value": 79.18
    },
    {
      "date": "2025-04-01",
      "geo": "HU",
      "value": 83.76
    },
    {
      "date": "2025-05-01",
      "geo": "HU",
      "value": 84.49
    },
    {
      "date": "2025-06-01",
      "geo": "HU",
      "value": 82.78
    },
    {
      "date": "2025-07-01",
      "geo": "HU",
      "value": 87.72
    },
    {
      "date": "2025-08-01",
      "geo": "HU",
      "value": 82.15
    },
    {
      "date": "2025-09-01",
      "geo": "HU",
      "value": 82.21
    },
    {
      "date": "2025-10-01",
      "geo": "HU",
      "value": 89.35
    },
    {
      "date": "2025-11-01",
      "geo": "HU",
      "value": 120.15
    },
    {
      "date": "2025-12-01",
      "geo": "HU",
      "value": 126.5
    },
    {
      "date": "2026-01-01",
      "geo": "HU",
      "value": 166.91
    },
    {
      "date": "2026-02-01",
      "geo": "HU",
      "value": 119.89
    },
    {
      "date": "2026-03-01",
      "geo": "HU",
      "value": 129.09
    },
    {
      "date": "2026-04-01",
      "geo": "HU",
      "value": 128.03
    },
    {
      "date": "2026-05-01",
      "geo": "HU",
      "value": 124.92
    },
    {
      "date": "2026-06-01",
      "geo": "HU",
      "value": 129.35
    }
  ]
}