{
  "id": "macro_economics/housing/europe_housing_market_activity_monthly",
  "generated_at": "2026-07-08T08:04:53.360958+00:00",
  "last_refresh": "2026-07-07",
  "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 Latvia 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": "Latvia Housing Market Activity",
    "indicator_description": "Monthly Latvia housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100.",
    "title": "Latvia Housing Market Activity",
    "description": "Monthly Latvia 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 Latvia 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": "2026-07-07T18:22:53.564737Z",
    "last_refresh": "2026-07-07",
    "table_id": "macro_economics/housing/europe_housing_market_activity_monthly",
    "topic": "Macroeconomics",
    "subtopic": "Housing",
    "geo": [
      "LV"
    ],
    "geo_included": [
      "LV"
    ],
    "page_slug": "latvia-housing-market-activity",
    "page_url": "/indicators/macroeconomics/housing/latvia-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": 5,
    "chart_title": "Latvia Housing Market Activity",
    "y_axis_label": "Index [2019=100]",
    "related_indicators": [
      {
        "title": "Latvia Furniture Market Hub",
        "url": "/market/latvia-furniture-market-hub/",
        "label": "Market hub"
      },
      {
        "title": "Latvia Furniture Retail Market Size",
        "url": "/indicators/retail/market-size/latvia-furniture-retail-turnover/",
        "label": "Retail"
      },
      {
        "title": "Latvia Furniture Consumer Market Size",
        "url": "/indicators/retail/market-size/latvia-furniture-consumer-market-size/",
        "label": "Market size"
      },
      {
        "title": "Estonia Housing Market Activity",
        "url": "/indicators/macroeconomics/housing/estonia-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": [
        "LV"
      ]
    },
    "methodology_url": "/about/methodology/housing-market-activity/",
    "methodology_label": "Housing Market Activity Methodology",
    "data_hash": "3d81b755528464d658d1ebec1ae17990e155278394cbe527108c603f300317e4",
    "trend_summary": "The Latvia housing market activity indicator shows significant fluctuations from 2015 to 2026. It began at a low of 73.2 in early 2015, gradually increasing to a peak of 198.6 in May 2025. The latest level, at 137.8, remains above the 2019 baseline of 100, indicating growth despite recent declines. Over the past three months, the indicator has decreased by 28.5%, suggesting a downward momentum in the short term. Yearly averages reveal a general upward trend, particularly notable in 2025, before a slight decrease in 2026.",
    "trend_summary_generated_at": "2026-07-08T08:05:01.089473+00:00",
    "key_findings": [
      "Latvia housing activity is elevated versus its 2019 baseline, giving a very strong housing-linked demand signal.",
      "Read alongside Latvia Furniture Retail Market Size and Latvia Furniture Consumer Market Size, housing activity adds context to furniture demand conditions.",
      "Recent movement is weakening, which points to softer residential momentum."
    ],
    "key_findings_source": "deterministic_related_context",
    "chart_alt_text": "Line chart for Latvia Housing Market Activity in index points. The series runs from 2015-02-01 to 2026-05-01; the latest value is 137.8 index points. The peak is 198.6 index points in 2025-05-01."
  },
  "data": [
    {
      "date": "2015-02-01",
      "geo": "LV",
      "value": 73.21
    },
    {
      "date": "2015-03-01",
      "geo": "LV",
      "value": 77.03
    },
    {
      "date": "2015-04-01",
      "geo": "LV",
      "value": 77.1
    },
    {
      "date": "2015-06-01",
      "geo": "LV",
      "value": 77.81
    },
    {
      "date": "2015-08-01",
      "geo": "LV",
      "value": 75.11
    },
    {
      "date": "2015-09-01",
      "geo": "LV",
      "value": 78.96
    },
    {
      "date": "2015-10-01",
      "geo": "LV",
      "value": 87.33
    },
    {
      "date": "2015-11-01",
      "geo": "LV",
      "value": 86.58
    },
    {
      "date": "2015-12-01",
      "geo": "LV",
      "value": 85.13
    },
    {
      "date": "2016-01-01",
      "geo": "LV",
      "value": 83.32
    },
    {
      "date": "2016-03-01",
      "geo": "LV",
      "value": 86.92
    },
    {
      "date": "2016-04-01",
      "geo": "LV",
      "value": 85.27
    },
    {
      "date": "2016-05-01",
      "geo": "LV",
      "value": 90.7
    },
    {
      "date": "2016-06-01",
      "geo": "LV",
      "value": 91.59
    },
    {
      "date": "2016-07-01",
      "geo": "LV",
      "value": 96.13
    },
    {
      "date": "2016-08-01",
      "geo": "LV",
      "value": 98.22
    },
    {
      "date": "2016-09-01",
      "geo": "LV",
      "value": 99.03
    },
    {
      "date": "2016-10-01",
      "geo": "LV",
      "value": 106.55
    },
    {
      "date": "2016-11-01",
      "geo": "LV",
      "value": 106.95
    },
    {
      "date": "2016-12-01",
      "geo": "LV",
      "value": 108.98
    },
    {
      "date": "2017-01-01",
      "geo": "LV",
      "value": 108.77
    },
    {
      "date": "2017-02-01",
      "geo": "LV",
      "value": 106.74
    },
    {
      "date": "2017-03-01",
      "geo": "LV",
      "value": 107.14
    },
    {
      "date": "2017-04-01",
      "geo": "LV",
      "value": 106.31
    },
    {
      "date": "2017-05-01",
      "geo": "LV",
      "value": 111.84
    },
    {
      "date": "2017-06-01",
      "geo": "LV",
      "value": 114.5
    },
    {
      "date": "2017-07-01",
      "geo": "LV",
      "value": 118.0
    },
    {
      "date": "2017-08-01",
      "geo": "LV",
      "value": 115.01
    },
    {
      "date": "2017-09-01",
      "geo": "LV",
      "value": 111.82
    },
    {
      "date": "2017-10-01",
      "geo": "LV",
      "value": 116.97
    },
    {
      "date": "2017-11-01",
      "geo": "LV",
      "value": 114.54
    },
    {
      "date": "2017-12-01",
      "geo": "LV",
      "value": 110.86
    },
    {
      "date": "2018-01-01",
      "geo": "LV",
      "value": 109.85
    },
    {
      "date": "2018-02-01",
      "geo": "LV",
      "value": 105.95
    },
    {
      "date": "2018-03-01",
      "geo": "LV",
      "value": 104.41
    },
    {
      "date": "2018-04-01",
      "geo": "LV",
      "value": 105.28
    },
    {
      "date": "2018-05-01",
      "geo": "LV",
      "value": 109.48
    },
    {
      "date": "2018-08-01",
      "geo": "LV",
      "value": 111.88
    },
    {
      "date": "2018-09-01",
      "geo": "LV",
      "value": 108.5
    },
    {
      "date": "2018-10-01",
      "geo": "LV",
      "value": 107.98
    },
    {
      "date": "2018-11-01",
      "geo": "LV",
      "value": 105.96
    },
    {
      "date": "2019-03-01",
      "geo": "LV",
      "value": 104.1
    },
    {
      "date": "2019-04-01",
      "geo": "LV",
      "value": 104.0
    },
    {
      "date": "2019-06-01",
      "geo": "LV",
      "value": 102.65
    },
    {
      "date": "2019-07-01",
      "geo": "LV",
      "value": 94.42
    },
    {
      "date": "2019-08-01",
      "geo": "LV",
      "value": 93.75
    },
    {
      "date": "2019-11-01",
      "geo": "LV",
      "value": 101.69
    },
    {
      "date": "2019-12-01",
      "geo": "LV",
      "value": 99.38
    },
    {
      "date": "2020-01-01",
      "geo": "LV",
      "value": 100.38
    },
    {
      "date": "2020-02-01",
      "geo": "LV",
      "value": 98.3
    },
    {
      "date": "2020-03-01",
      "geo": "LV",
      "value": 119.0
    },
    {
      "date": "2020-04-01",
      "geo": "LV",
      "value": 121.31
    },
    {
      "date": "2020-05-01",
      "geo": "LV",
      "value": 122.02
    },
    {
      "date": "2020-06-01",
      "geo": "LV",
      "value": 103.47
    },
    {
      "date": "2020-07-01",
      "geo": "LV",
      "value": 102.74
    },
    {
      "date": "2020-08-01",
      "geo": "LV",
      "value": 104.49
    },
    {
      "date": "2020-09-01",
      "geo": "LV",
      "value": 107.16
    },
    {
      "date": "2020-10-01",
      "geo": "LV",
      "value": 108.68
    },
    {
      "date": "2020-11-01",
      "geo": "LV",
      "value": 110.78
    },
    {
      "date": "2020-12-01",
      "geo": "LV",
      "value": 110.87
    },
    {
      "date": "2021-01-01",
      "geo": "LV",
      "value": 104.82
    },
    {
      "date": "2021-02-01",
      "geo": "LV",
      "value": 103.01
    },
    {
      "date": "2021-03-01",
      "geo": "LV",
      "value": 109.68
    },
    {
      "date": "2021-04-01",
      "geo": "LV",
      "value": 123.78
    },
    {
      "date": "2021-05-01",
      "geo": "LV",
      "value": 131.61
    },
    {
      "date": "2021-09-01",
      "geo": "LV",
      "value": 122.54
    },
    {
      "date": "2021-10-01",
      "geo": "LV",
      "value": 129.04
    },
    {
      "date": "2021-11-01",
      "geo": "LV",
      "value": 127.71
    },
    {
      "date": "2022-02-01",
      "geo": "LV",
      "value": 124.33
    },
    {
      "date": "2022-03-01",
      "geo": "LV",
      "value": 125.17
    },
    {
      "date": "2022-04-01",
      "geo": "LV",
      "value": 115.39
    },
    {
      "date": "2022-05-01",
      "geo": "LV",
      "value": 117.71
    },
    {
      "date": "2022-06-01",
      "geo": "LV",
      "value": 118.23
    },
    {
      "date": "2022-07-01",
      "geo": "LV",
      "value": 120.95
    },
    {
      "date": "2022-08-01",
      "geo": "LV",
      "value": 120.67
    },
    {
      "date": "2022-09-01",
      "geo": "LV",
      "value": 120.26
    },
    {
      "date": "2022-10-01",
      "geo": "LV",
      "value": 111.51
    },
    {
      "date": "2022-11-01",
      "geo": "LV",
      "value": 107.04
    },
    {
      "date": "2023-01-01",
      "geo": "LV",
      "value": 100.6
    },
    {
      "date": "2023-03-01",
      "geo": "LV",
      "value": 100.48
    },
    {
      "date": "2023-04-01",
      "geo": "LV",
      "value": 109.77
    },
    {
      "date": "2023-05-01",
      "geo": "LV",
      "value": 113.6
    },
    {
      "date": "2023-06-01",
      "geo": "LV",
      "value": 117.46
    },
    {
      "date": "2023-07-01",
      "geo": "LV",
      "value": 116.88
    },
    {
      "date": "2023-08-01",
      "geo": "LV",
      "value": 125.24
    },
    {
      "date": "2023-12-01",
      "geo": "LV",
      "value": 116.12
    },
    {
      "date": "2024-01-01",
      "geo": "LV",
      "value": 104.25
    },
    {
      "date": "2024-02-01",
      "geo": "LV",
      "value": 92.99
    },
    {
      "date": "2024-03-01",
      "geo": "LV",
      "value": 90.85
    },
    {
      "date": "2024-04-01",
      "geo": "LV",
      "value": 120.03
    },
    {
      "date": "2024-05-01",
      "geo": "LV",
      "value": 124.61
    },
    {
      "date": "2024-06-01",
      "geo": "LV",
      "value": 128.5
    },
    {
      "date": "2024-07-01",
      "geo": "LV",
      "value": 111.59
    },
    {
      "date": "2024-08-01",
      "geo": "LV",
      "value": 113.21
    },
    {
      "date": "2024-09-01",
      "geo": "LV",
      "value": 116.11
    },
    {
      "date": "2024-10-01",
      "geo": "LV",
      "value": 130.42
    },
    {
      "date": "2024-11-01",
      "geo": "LV",
      "value": 130.16
    },
    {
      "date": "2025-01-01",
      "geo": "LV",
      "value": 152.54
    },
    {
      "date": "2025-02-01",
      "geo": "LV",
      "value": 167.49
    },
    {
      "date": "2025-03-01",
      "geo": "LV",
      "value": 197.08
    },
    {
      "date": "2025-04-01",
      "geo": "LV",
      "value": 197.58
    },
    {
      "date": "2025-05-01",
      "geo": "LV",
      "value": 198.57
    },
    {
      "date": "2025-06-01",
      "geo": "LV",
      "value": 185.72
    },
    {
      "date": "2025-07-01",
      "geo": "LV",
      "value": 188.52
    },
    {
      "date": "2025-08-01",
      "geo": "LV",
      "value": 185.06
    },
    {
      "date": "2025-09-01",
      "geo": "LV",
      "value": 182.12
    },
    {
      "date": "2025-10-01",
      "geo": "LV",
      "value": 169.48
    },
    {
      "date": "2025-11-01",
      "geo": "LV",
      "value": 161.38
    },
    {
      "date": "2025-12-01",
      "geo": "LV",
      "value": 153.97
    },
    {
      "date": "2026-01-01",
      "geo": "LV",
      "value": 146.59
    },
    {
      "date": "2026-02-01",
      "geo": "LV",
      "value": 141.15
    },
    {
      "date": "2026-03-01",
      "geo": "LV",
      "value": 141.32
    },
    {
      "date": "2026-04-01",
      "geo": "LV",
      "value": 145.29
    },
    {
      "date": "2026-05-01",
      "geo": "LV",
      "value": 137.84
    }
  ]
}