{
  "id": "macro_economics/housing/it_housing_market_activity_monthly",
  "generated_at": "2026-05-27T08:33:00.630385+00:00",
  "last_refresh": "2026-05-25",
  "source": "ECB MIR monthly new housing loans and ISTAT residential building permit dataset.",
  "source_description": "Seasonally adjusted Italian housing market activity indicator based on new mortgage lending and residential building permits, indexed to 2019 = 100.",
  "table_id": "macro_economics/housing/it_housing_market_activity_monthly",
  "meta": {
    "indicator_name": "Italy housing market activity",
    "indicator_description": "Seasonally adjusted Italian housing market activity indicator based on new mortgage lending and residential building permits, indexed to 2019 = 100.",
    "title": "Italy housing market activity",
    "description": "Seasonally adjusted Italian housing market activity indicator based on new mortgage lending and residential building permits, indexed to 2019 = 100.",
    "source": "ECB MIR monthly new housing loans and ISTAT residential building permit dataset.",
    "source_description": "Seasonally adjusted Italian housing market activity indicator based on new mortgage lending and residential building permits, indexed to 2019 = 100.",
    "visibility": "public",
    "updated_at": "2026-05-25T06:49:14.629922Z",
    "last_refresh": "2026-05-25",
    "table_id": "macro_economics/housing/it_housing_market_activity_monthly",
    "topic": "Macroeconomics",
    "subtopic": "Housing",
    "geo": [
      "IT"
    ],
    "geo_included": [
      "IT"
    ],
    "page_slug": "italy-housing-market-activity",
    "page_url": "/indicators/macroeconomics/housing/italy-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": "Italy Housing Market Activity",
    "y_axis_label": "Index [2019=100]",
    "related_indicators": [
      {
        "title": "Italy Furniture Retail Market Size",
        "url": "/indicators/retail/market-size/italy-furniture-retail-turnover/",
        "label": "Market size"
      },
      {
        "title": "Italy Furniture Product Search Trend",
        "url": "/indicators/retail/online/italy-furniture-products-search-trend/",
        "label": "Online"
      },
      {
        "title": "France Housing Market Activity",
        "url": "/indicators/macroeconomics/housing/france-housing-market-activity/",
        "label": "Housing"
      }
    ],
    "data_hash": "1d623a572c96765c3b3099203f0270e444526c1ab02aae3c8aaf57701ef55017",
    "trend_summary": "In 2026-03-01, the indicator reached 99.8 Index [2019=100], compared with 67.8 Index [2019=100] in 2015-01-01. The latest year changed by 1.7 Index [2019=100] from 2026-02-01, while the full-period change was 32 Index [2019=100]. Across the available history, the range runs from 67.8 in 2015-01-01 to 131.2 in 2020-01-01. The latest observation sits between the period low and high, so it should be read against both the 2015-01-01 trough and the 2020-01-01 peak.",
    "trend_summary_generated_at": "2026-05-27T08:33:19.613090+00:00",
    "trend_summary_source": "fallback",
    "key_findings": [
      "Italian housing activity is below its 2019 baseline, so the housing-linked demand signal is still soft.",
      "The indicator sits between its recent high and low, so the housing signal is mixed rather than extreme.",
      "Recent movement is broadly sideways, so the housing signal is not yet showing a clear new impulse."
    ],
    "key_findings_source": "housing_activity_rule",
    "key_findings_rewrite_error": "Error code: 429 - {'error': {'message': 'You exceeded your current quota, please check your plan and billing details. For more information on this error, read the docs: https://platform.openai.com/docs/guides/error-codes/api-errors.', 'type': 'insufficient_quota', 'param': None, 'code': 'insufficient_quota'}}"
  },
  "data": [
    {
      "date": "2015-01-01",
      "geo": "IT",
      "value": 67.76
    },
    {
      "date": "2015-02-01",
      "geo": "IT",
      "value": 68.96
    },
    {
      "date": "2015-03-01",
      "geo": "IT",
      "value": 74.85
    },
    {
      "date": "2015-04-01",
      "geo": "IT",
      "value": 73.92
    },
    {
      "date": "2015-05-01",
      "geo": "IT",
      "value": 77.04
    },
    {
      "date": "2015-06-01",
      "geo": "IT",
      "value": 82.59
    },
    {
      "date": "2015-07-01",
      "geo": "IT",
      "value": 86.33
    },
    {
      "date": "2015-08-01",
      "geo": "IT",
      "value": 88.93
    },
    {
      "date": "2015-09-01",
      "geo": "IT",
      "value": 92.66
    },
    {
      "date": "2015-10-01",
      "geo": "IT",
      "value": 92.01
    },
    {
      "date": "2015-11-01",
      "geo": "IT",
      "value": 92.83
    },
    {
      "date": "2015-12-01",
      "geo": "IT",
      "value": 94.01
    },
    {
      "date": "2016-01-01",
      "geo": "IT",
      "value": 101.35
    },
    {
      "date": "2016-02-01",
      "geo": "IT",
      "value": 100.89
    },
    {
      "date": "2016-03-01",
      "geo": "IT",
      "value": 97.25
    },
    {
      "date": "2016-04-01",
      "geo": "IT",
      "value": 104.52
    },
    {
      "date": "2016-05-01",
      "geo": "IT",
      "value": 102.56
    },
    {
      "date": "2016-06-01",
      "geo": "IT",
      "value": 99.86
    },
    {
      "date": "2016-07-01",
      "geo": "IT",
      "value": 99.07
    },
    {
      "date": "2016-08-01",
      "geo": "IT",
      "value": 101.71
    },
    {
      "date": "2016-09-01",
      "geo": "IT",
      "value": 101.28
    },
    {
      "date": "2016-10-01",
      "geo": "IT",
      "value": 103.38
    },
    {
      "date": "2016-11-01",
      "geo": "IT",
      "value": 105.45
    },
    {
      "date": "2016-12-01",
      "geo": "IT",
      "value": 107.75
    },
    {
      "date": "2017-01-01",
      "geo": "IT",
      "value": 116.43
    },
    {
      "date": "2017-02-01",
      "geo": "IT",
      "value": 108.66
    },
    {
      "date": "2017-03-01",
      "geo": "IT",
      "value": 106.55
    },
    {
      "date": "2017-04-01",
      "geo": "IT",
      "value": 105.61
    },
    {
      "date": "2017-05-01",
      "geo": "IT",
      "value": 105.71
    },
    {
      "date": "2017-06-01",
      "geo": "IT",
      "value": 101.61
    },
    {
      "date": "2017-07-01",
      "geo": "IT",
      "value": 99.8
    },
    {
      "date": "2017-08-01",
      "geo": "IT",
      "value": 95.63
    },
    {
      "date": "2017-09-01",
      "geo": "IT",
      "value": 93.14
    },
    {
      "date": "2017-10-01",
      "geo": "IT",
      "value": 93.59
    },
    {
      "date": "2017-11-01",
      "geo": "IT",
      "value": 94.5
    },
    {
      "date": "2017-12-01",
      "geo": "IT",
      "value": 92.84
    },
    {
      "date": "2018-01-01",
      "geo": "IT",
      "value": 96.79
    },
    {
      "date": "2018-02-01",
      "geo": "IT",
      "value": 96.67
    },
    {
      "date": "2018-03-01",
      "geo": "IT",
      "value": 97.13
    },
    {
      "date": "2018-04-01",
      "geo": "IT",
      "value": 94.87
    },
    {
      "date": "2018-05-01",
      "geo": "IT",
      "value": 97.94
    },
    {
      "date": "2018-06-01",
      "geo": "IT",
      "value": 101.54
    },
    {
      "date": "2018-07-01",
      "geo": "IT",
      "value": 105.44
    },
    {
      "date": "2018-08-01",
      "geo": "IT",
      "value": 100.49
    },
    {
      "date": "2018-09-01",
      "geo": "IT",
      "value": 99.67
    },
    {
      "date": "2018-10-01",
      "geo": "IT",
      "value": 103.36
    },
    {
      "date": "2018-11-01",
      "geo": "IT",
      "value": 98.71
    },
    {
      "date": "2018-12-01",
      "geo": "IT",
      "value": 98.33
    },
    {
      "date": "2019-01-01",
      "geo": "IT",
      "value": 96.77
    },
    {
      "date": "2019-02-01",
      "geo": "IT",
      "value": 93.49
    },
    {
      "date": "2019-03-01",
      "geo": "IT",
      "value": 96.68
    },
    {
      "date": "2019-04-01",
      "geo": "IT",
      "value": 93.34
    },
    {
      "date": "2019-05-01",
      "geo": "IT",
      "value": 91.23
    },
    {
      "date": "2019-06-01",
      "geo": "IT",
      "value": 88.78
    },
    {
      "date": "2019-07-01",
      "geo": "IT",
      "value": 87.79
    },
    {
      "date": "2019-08-01",
      "geo": "IT",
      "value": 90.07
    },
    {
      "date": "2019-09-01",
      "geo": "IT",
      "value": 99.72
    },
    {
      "date": "2019-10-01",
      "geo": "IT",
      "value": 111.67
    },
    {
      "date": "2019-11-01",
      "geo": "IT",
      "value": 121.98
    },
    {
      "date": "2019-12-01",
      "geo": "IT",
      "value": 129.11
    },
    {
      "date": "2020-01-01",
      "geo": "IT",
      "value": 131.22
    },
    {
      "date": "2020-02-01",
      "geo": "IT",
      "value": 124.83
    },
    {
      "date": "2020-03-01",
      "geo": "IT",
      "value": 94.52
    },
    {
      "date": "2020-04-01",
      "geo": "IT",
      "value": 80.91
    },
    {
      "date": "2020-05-01",
      "geo": "IT",
      "value": 82.97
    },
    {
      "date": "2020-06-01",
      "geo": "IT",
      "value": 92.83
    },
    {
      "date": "2020-07-01",
      "geo": "IT",
      "value": 104.47
    },
    {
      "date": "2020-08-01",
      "geo": "IT",
      "value": 107.43
    },
    {
      "date": "2020-09-01",
      "geo": "IT",
      "value": 104.89
    },
    {
      "date": "2020-10-01",
      "geo": "IT",
      "value": 108.55
    },
    {
      "date": "2020-11-01",
      "geo": "IT",
      "value": 111.48
    },
    {
      "date": "2020-12-01",
      "geo": "IT",
      "value": 110.63
    },
    {
      "date": "2021-01-01",
      "geo": "IT",
      "value": 111.7
    },
    {
      "date": "2021-02-01",
      "geo": "IT",
      "value": 112.78
    },
    {
      "date": "2021-03-01",
      "geo": "IT",
      "value": 114.27
    },
    {
      "date": "2021-04-01",
      "geo": "IT",
      "value": 117.04
    },
    {
      "date": "2021-05-01",
      "geo": "IT",
      "value": 114.24
    },
    {
      "date": "2021-06-01",
      "geo": "IT",
      "value": 114.82
    },
    {
      "date": "2021-07-01",
      "geo": "IT",
      "value": 121.1
    },
    {
      "date": "2021-08-01",
      "geo": "IT",
      "value": 110.59
    },
    {
      "date": "2021-09-01",
      "geo": "IT",
      "value": 112.4
    },
    {
      "date": "2021-10-01",
      "geo": "IT",
      "value": 111.61
    },
    {
      "date": "2021-11-01",
      "geo": "IT",
      "value": 110.78
    },
    {
      "date": "2021-12-01",
      "geo": "IT",
      "value": 107.61
    },
    {
      "date": "2022-01-01",
      "geo": "IT",
      "value": 105.75
    },
    {
      "date": "2022-02-01",
      "geo": "IT",
      "value": 108.48
    },
    {
      "date": "2022-03-01",
      "geo": "IT",
      "value": 109.0
    },
    {
      "date": "2022-04-01",
      "geo": "IT",
      "value": 104.95
    },
    {
      "date": "2022-05-01",
      "geo": "IT",
      "value": 107.47
    },
    {
      "date": "2022-06-01",
      "geo": "IT",
      "value": 106.82
    },
    {
      "date": "2022-07-01",
      "geo": "IT",
      "value": 98.83
    },
    {
      "date": "2022-08-01",
      "geo": "IT",
      "value": 101.53
    },
    {
      "date": "2022-09-01",
      "geo": "IT",
      "value": 100.02
    },
    {
      "date": "2022-10-01",
      "geo": "IT",
      "value": 97.27
    },
    {
      "date": "2022-11-01",
      "geo": "IT",
      "value": 96.45
    },
    {
      "date": "2022-12-01",
      "geo": "IT",
      "value": 102.49
    },
    {
      "date": "2023-01-01",
      "geo": "IT",
      "value": 104.05
    },
    {
      "date": "2023-02-01",
      "geo": "IT",
      "value": 100.44
    },
    {
      "date": "2023-03-01",
      "geo": "IT",
      "value": 101.19
    },
    {
      "date": "2023-04-01",
      "geo": "IT",
      "value": 98.17
    },
    {
      "date": "2023-05-01",
      "geo": "IT",
      "value": 97.77
    },
    {
      "date": "2023-06-01",
      "geo": "IT",
      "value": 105.46
    },
    {
      "date": "2023-07-01",
      "geo": "IT",
      "value": 95.7
    },
    {
      "date": "2023-08-01",
      "geo": "IT",
      "value": 105.01
    },
    {
      "date": "2023-09-01",
      "geo": "IT",
      "value": 95.96
    },
    {
      "date": "2023-10-01",
      "geo": "IT",
      "value": 109.62
    },
    {
      "date": "2023-11-01",
      "geo": "IT",
      "value": 93.06
    },
    {
      "date": "2023-12-01",
      "geo": "IT",
      "value": 96.57
    },
    {
      "date": "2024-01-01",
      "geo": "IT",
      "value": 94.23
    },
    {
      "date": "2024-02-01",
      "geo": "IT",
      "value": 94.07
    },
    {
      "date": "2024-03-01",
      "geo": "IT",
      "value": 86.31
    },
    {
      "date": "2024-04-01",
      "geo": "IT",
      "value": 80.91
    },
    {
      "date": "2024-05-01",
      "geo": "IT",
      "value": 86.5
    },
    {
      "date": "2024-06-01",
      "geo": "IT",
      "value": 87.17
    },
    {
      "date": "2024-07-01",
      "geo": "IT",
      "value": 91.01
    },
    {
      "date": "2024-08-01",
      "geo": "IT",
      "value": 92.59
    },
    {
      "date": "2024-09-01",
      "geo": "IT",
      "value": 94.78
    },
    {
      "date": "2024-10-01",
      "geo": "IT",
      "value": 95.4
    },
    {
      "date": "2024-11-01",
      "geo": "IT",
      "value": 96.31
    },
    {
      "date": "2024-12-01",
      "geo": "IT",
      "value": 96.4
    },
    {
      "date": "2025-01-01",
      "geo": "IT",
      "value": 101.08
    },
    {
      "date": "2025-02-01",
      "geo": "IT",
      "value": 102.65
    },
    {
      "date": "2025-03-01",
      "geo": "IT",
      "value": 103.93
    },
    {
      "date": "2025-04-01",
      "geo": "IT",
      "value": 101.78
    },
    {
      "date": "2025-05-01",
      "geo": "IT",
      "value": 104.34
    },
    {
      "date": "2025-06-01",
      "geo": "IT",
      "value": 101.68
    },
    {
      "date": "2025-07-01",
      "geo": "IT",
      "value": 104.9
    },
    {
      "date": "2025-08-01",
      "geo": "IT",
      "value": 100.82
    },
    {
      "date": "2025-09-01",
      "geo": "IT",
      "value": 101.7
    },
    {
      "date": "2025-10-01",
      "geo": "IT",
      "value": 101.98
    },
    {
      "date": "2025-11-01",
      "geo": "IT",
      "value": 102.78
    },
    {
      "date": "2025-12-01",
      "geo": "IT",
      "value": 100.63
    },
    {
      "date": "2026-01-01",
      "geo": "IT",
      "value": 98.28
    },
    {
      "date": "2026-02-01",
      "geo": "IT",
      "value": 98.06
    },
    {
      "date": "2026-03-01",
      "geo": "IT",
      "value": 99.79
    }
  ]
}