{
  "id": "macro_economics/housing/europe_housing_market_activity_monthly",
  "generated_at": "2026-07-15T09:26:07.170279+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 Italy 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": "Italy Housing Market Activity",
    "indicator_description": "Monthly Italy housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100.",
    "title": "Italy Housing Market Activity",
    "description": "Monthly Italy 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 Italy 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": [
      "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 Market Hub",
        "url": "/market/italy-furniture-market-hub/",
        "label": "Market hub"
      },
      {
        "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"
      }
    ],
    "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": [
        "IT"
      ]
    },
    "methodology_url": "/about/methodology/housing-market-activity/",
    "methodology_label": "Housing Market Activity Methodology",
    "data_hash": "a1016b76b6338763a0494d9e99096a38db3917571aa9b9895daf68109b481a1e",
    "trend_summary": "The Italy Housing Market Activity index shows significant fluctuations over time, with a notable peak in December 2019 at 133.1 and a trough in January 2015 at 50.8. The latest index level of 88.7 is below the 2019 baseline, indicating a decline from the peak. Recent momentum appears negative, with a year-over-year decrease of 7.7% over the last three months and 6.0% over the last six months, despite a slight 0.8% increase over the past year. Yearly averages suggest a period of growth until 2021, followed by a decline through 2024, with incomplete data for 2026.",
    "trend_summary_generated_at": "2026-07-15T09:26:17.832501+00:00",
    "key_findings": [
      "Italian housing activity is below its 2019 baseline, so the housing-linked demand signal is still soft.",
      "Read alongside Italy Furniture Retail Market Size and Italy Furniture Product Search Trend, soft housing activity keeps the furniture demand backdrop cautious.",
      "Recent movement is weakening, which points to softer residential momentum."
    ],
    "key_findings_source": "deterministic_related_context",
    "chart_alt_text": "Line chart for Italy Housing Market Activity in index points. The series runs from 2015-01-01 to 2026-05-01; the latest value is 88.7 index points. The peak is 133.1 index points in 2019-12-01."
  },
  "data": [
    {
      "date": "2015-01-01",
      "geo": "IT",
      "value": 50.84
    },
    {
      "date": "2015-02-01",
      "geo": "IT",
      "value": 59.15
    },
    {
      "date": "2015-03-01",
      "geo": "IT",
      "value": 73.76
    },
    {
      "date": "2015-04-01",
      "geo": "IT",
      "value": 68.78
    },
    {
      "date": "2015-05-01",
      "geo": "IT",
      "value": 82.28
    },
    {
      "date": "2015-06-01",
      "geo": "IT",
      "value": 94.62
    },
    {
      "date": "2015-07-01",
      "geo": "IT",
      "value": 104.0
    },
    {
      "date": "2015-08-01",
      "geo": "IT",
      "value": 74.3
    },
    {
      "date": "2015-09-01",
      "geo": "IT",
      "value": 89.01
    },
    {
      "date": "2015-10-01",
      "geo": "IT",
      "value": 81.5
    },
    {
      "date": "2015-11-01",
      "geo": "IT",
      "value": 94.27
    },
    {
      "date": "2015-12-01",
      "geo": "IT",
      "value": 98.87
    },
    {
      "date": "2016-01-01",
      "geo": "IT",
      "value": 90.22
    },
    {
      "date": "2016-02-01",
      "geo": "IT",
      "value": 94.1
    },
    {
      "date": "2016-03-01",
      "geo": "IT",
      "value": 97.4
    },
    {
      "date": "2016-04-01",
      "geo": "IT",
      "value": 100.55
    },
    {
      "date": "2016-05-01",
      "geo": "IT",
      "value": 108.25
    },
    {
      "date": "2016-06-01",
      "geo": "IT",
      "value": 108.65
    },
    {
      "date": "2016-07-01",
      "geo": "IT",
      "value": 115.67
    },
    {
      "date": "2016-08-01",
      "geo": "IT",
      "value": 83.9
    },
    {
      "date": "2016-09-01",
      "geo": "IT",
      "value": 97.09
    },
    {
      "date": "2016-10-01",
      "geo": "IT",
      "value": 93.49
    },
    {
      "date": "2016-11-01",
      "geo": "IT",
      "value": 106.35
    },
    {
      "date": "2016-12-01",
      "geo": "IT",
      "value": 111.64
    },
    {
      "date": "2017-01-01",
      "geo": "IT",
      "value": 106.68
    },
    {
      "date": "2017-02-01",
      "geo": "IT",
      "value": 102.53
    },
    {
      "date": "2017-03-01",
      "geo": "IT",
      "value": 108.61
    },
    {
      "date": "2017-04-01",
      "geo": "IT",
      "value": 103.93
    },
    {
      "date": "2017-05-01",
      "geo": "IT",
      "value": 113.09
    },
    {
      "date": "2017-06-01",
      "geo": "IT",
      "value": 108.67
    },
    {
      "date": "2017-07-01",
      "geo": "IT",
      "value": 116.88
    },
    {
      "date": "2017-08-01",
      "geo": "IT",
      "value": 76.16
    },
    {
      "date": "2017-09-01",
      "geo": "IT",
      "value": 89.98
    },
    {
      "date": "2017-10-01",
      "geo": "IT",
      "value": 85.68
    },
    {
      "date": "2017-11-01",
      "geo": "IT",
      "value": 96.47
    },
    {
      "date": "2017-12-01",
      "geo": "IT",
      "value": 97.37
    },
    {
      "date": "2018-01-01",
      "geo": "IT",
      "value": 89.39
    },
    {
      "date": "2018-02-01",
      "geo": "IT",
      "value": 91.11
    },
    {
      "date": "2018-03-01",
      "geo": "IT",
      "value": 101.18
    },
    {
      "date": "2018-04-01",
      "geo": "IT",
      "value": 94.81
    },
    {
      "date": "2018-05-01",
      "geo": "IT",
      "value": 106.19
    },
    {
      "date": "2018-06-01",
      "geo": "IT",
      "value": 106.36
    },
    {
      "date": "2018-07-01",
      "geo": "IT",
      "value": 122.73
    },
    {
      "date": "2018-08-01",
      "geo": "IT",
      "value": 79.15
    },
    {
      "date": "2018-09-01",
      "geo": "IT",
      "value": 97.32
    },
    {
      "date": "2018-10-01",
      "geo": "IT",
      "value": 96.87
    },
    {
      "date": "2018-11-01",
      "geo": "IT",
      "value": 101.24
    },
    {
      "date": "2018-12-01",
      "geo": "IT",
      "value": 102.67
    },
    {
      "date": "2019-01-01",
      "geo": "IT",
      "value": 89.28
    },
    {
      "date": "2019-02-01",
      "geo": "IT",
      "value": 87.84
    },
    {
      "date": "2019-03-01",
      "geo": "IT",
      "value": 101.3
    },
    {
      "date": "2019-04-01",
      "geo": "IT",
      "value": 95.41
    },
    {
      "date": "2019-05-01",
      "geo": "IT",
      "value": 99.77
    },
    {
      "date": "2019-06-01",
      "geo": "IT",
      "value": 92.62
    },
    {
      "date": "2019-07-01",
      "geo": "IT",
      "value": 105.58
    },
    {
      "date": "2019-08-01",
      "geo": "IT",
      "value": 68.11
    },
    {
      "date": "2019-09-01",
      "geo": "IT",
      "value": 97.65
    },
    {
      "date": "2019-10-01",
      "geo": "IT",
      "value": 105.06
    },
    {
      "date": "2019-11-01",
      "geo": "IT",
      "value": 124.27
    },
    {
      "date": "2019-12-01",
      "geo": "IT",
      "value": 133.13
    },
    {
      "date": "2020-01-01",
      "geo": "IT",
      "value": 122.41
    },
    {
      "date": "2020-02-01",
      "geo": "IT",
      "value": 118.98
    },
    {
      "date": "2020-03-01",
      "geo": "IT",
      "value": 98.39
    },
    {
      "date": "2020-04-01",
      "geo": "IT",
      "value": 83.54
    },
    {
      "date": "2020-05-01",
      "geo": "IT",
      "value": 90.36
    },
    {
      "date": "2020-06-01",
      "geo": "IT",
      "value": 95.28
    },
    {
      "date": "2020-07-01",
      "geo": "IT",
      "value": 118.99
    },
    {
      "date": "2020-08-01",
      "geo": "IT",
      "value": 83.08
    },
    {
      "date": "2020-09-01",
      "geo": "IT",
      "value": 101.44
    },
    {
      "date": "2020-10-01",
      "geo": "IT",
      "value": 100.03
    },
    {
      "date": "2020-11-01",
      "geo": "IT",
      "value": 111.96
    },
    {
      "date": "2020-12-01",
      "geo": "IT",
      "value": 113.87
    },
    {
      "date": "2021-01-01",
      "geo": "IT",
      "value": 101.42
    },
    {
      "date": "2021-02-01",
      "geo": "IT",
      "value": 107.14
    },
    {
      "date": "2021-03-01",
      "geo": "IT",
      "value": 117.39
    },
    {
      "date": "2021-04-01",
      "geo": "IT",
      "value": 119.66
    },
    {
      "date": "2021-05-01",
      "geo": "IT",
      "value": 121.15
    },
    {
      "date": "2021-06-01",
      "geo": "IT",
      "value": 119.33
    },
    {
      "date": "2021-07-01",
      "geo": "IT",
      "value": 132.65
    },
    {
      "date": "2021-08-01",
      "geo": "IT",
      "value": 84.37
    },
    {
      "date": "2021-09-01",
      "geo": "IT",
      "value": 104.49
    },
    {
      "date": "2021-10-01",
      "geo": "IT",
      "value": 97.23
    },
    {
      "date": "2021-11-01",
      "geo": "IT",
      "value": 106.67
    },
    {
      "date": "2021-12-01",
      "geo": "IT",
      "value": 109.12
    },
    {
      "date": "2022-01-01",
      "geo": "IT",
      "value": 93.78
    },
    {
      "date": "2022-02-01",
      "geo": "IT",
      "value": 101.93
    },
    {
      "date": "2022-03-01",
      "geo": "IT",
      "value": 109.9
    },
    {
      "date": "2022-04-01",
      "geo": "IT",
      "value": 105.1
    },
    {
      "date": "2022-05-01",
      "geo": "IT",
      "value": 111.15
    },
    {
      "date": "2022-06-01",
      "geo": "IT",
      "value": 111.39
    },
    {
      "date": "2022-07-01",
      "geo": "IT",
      "value": 107.34
    },
    {
      "date": "2022-08-01",
      "geo": "IT",
      "value": 73.75
    },
    {
      "date": "2022-09-01",
      "geo": "IT",
      "value": 90.18
    },
    {
      "date": "2022-10-01",
      "geo": "IT",
      "value": 81.82
    },
    {
      "date": "2022-11-01",
      "geo": "IT",
      "value": 89.54
    },
    {
      "date": "2022-12-01",
      "geo": "IT",
      "value": 104.06
    },
    {
      "date": "2023-01-01",
      "geo": "IT",
      "value": 92.03
    },
    {
      "date": "2023-02-01",
      "geo": "IT",
      "value": 93.27
    },
    {
      "date": "2023-03-01",
      "geo": "IT",
      "value": 100.87
    },
    {
      "date": "2023-04-01",
      "geo": "IT",
      "value": 96.73
    },
    {
      "date": "2023-05-01",
      "geo": "IT",
      "value": 98.93
    },
    {
      "date": "2023-06-01",
      "geo": "IT",
      "value": 107.7
    },
    {
      "date": "2023-07-01",
      "geo": "IT",
      "value": 104.81
    },
    {
      "date": "2023-08-01",
      "geo": "IT",
      "value": 75.94
    },
    {
      "date": "2023-09-01",
      "geo": "IT",
      "value": 86.16
    },
    {
      "date": "2023-10-01",
      "geo": "IT",
      "value": 95.72
    },
    {
      "date": "2023-11-01",
      "geo": "IT",
      "value": 86.12
    },
    {
      "date": "2023-12-01",
      "geo": "IT",
      "value": 97.61
    },
    {
      "date": "2024-01-01",
      "geo": "IT",
      "value": 82.25
    },
    {
      "date": "2024-02-01",
      "geo": "IT",
      "value": 85.87
    },
    {
      "date": "2024-03-01",
      "geo": "IT",
      "value": 85.1
    },
    {
      "date": "2024-04-01",
      "geo": "IT",
      "value": 78.93
    },
    {
      "date": "2024-05-01",
      "geo": "IT",
      "value": 86.18
    },
    {
      "date": "2024-06-01",
      "geo": "IT",
      "value": 87.94
    },
    {
      "date": "2024-07-01",
      "geo": "IT",
      "value": 101.35
    },
    {
      "date": "2024-08-01",
      "geo": "IT",
      "value": 62.38
    },
    {
      "date": "2024-09-01",
      "geo": "IT",
      "value": 84.06
    },
    {
      "date": "2024-10-01",
      "geo": "IT",
      "value": 82.61
    },
    {
      "date": "2024-11-01",
      "geo": "IT",
      "value": 88.4
    },
    {
      "date": "2024-12-01",
      "geo": "IT",
      "value": 95.19
    },
    {
      "date": "2025-01-01",
      "geo": "IT",
      "value": 85.15
    },
    {
      "date": "2025-02-01",
      "geo": "IT",
      "value": 88.99
    },
    {
      "date": "2025-03-01",
      "geo": "IT",
      "value": 96.12
    },
    {
      "date": "2025-04-01",
      "geo": "IT",
      "value": 94.17
    },
    {
      "date": "2025-05-01",
      "geo": "IT",
      "value": 97.68
    },
    {
      "date": "2025-06-01",
      "geo": "IT",
      "value": 96.16
    },
    {
      "date": "2025-07-01",
      "geo": "IT",
      "value": 113.82
    },
    {
      "date": "2025-08-01",
      "geo": "IT",
      "value": 67.03
    },
    {
      "date": "2025-09-01",
      "geo": "IT",
      "value": 89.08
    },
    {
      "date": "2025-10-01",
      "geo": "IT",
      "value": 89.39
    },
    {
      "date": "2025-11-01",
      "geo": "IT",
      "value": 93.64
    },
    {
      "date": "2025-12-01",
      "geo": "IT",
      "value": 96.93
    },
    {
      "date": "2026-01-01",
      "geo": "IT",
      "value": 79.73
    },
    {
      "date": "2026-02-01",
      "geo": "IT",
      "value": 81.11
    },
    {
      "date": "2026-03-01",
      "geo": "IT",
      "value": 88.64
    },
    {
      "date": "2026-04-01",
      "geo": "IT",
      "value": 88.48
    },
    {
      "date": "2026-05-01",
      "geo": "IT",
      "value": 88.73
    }
  ]
}