{
  "id": "macro_economics/housing/pl_housing_market_activity_monthly",
  "generated_at": "2026-06-02T15:20:59.161184+00:00",
  "last_refresh": "2026-06-02",
  "source": "ECB MIR monthly new housing loans and Statistics Poland BDL residential building permit data; mortgage series smoothed with a 3-month moving average and latest overlapping month excluded from the composite.",
  "source_description": "Monthly Poland housing market activity indicator based on a weighted combination of 3-month smoothed new mortgage lending and residential building permits, indexed to 2019 = 100. The latest overlapping month is excluded to avoid provisional release-timing distortions.",
  "table_id": "macro_economics/housing/pl_housing_market_activity_monthly",
  "meta": {
    "indicator_name": "Poland housing market activity",
    "indicator_description": "Monthly Poland housing market activity indicator based on a weighted combination of 3-month smoothed new mortgage lending and residential building permits, indexed to 2019 = 100. The latest overlapping month is excluded to avoid provisional release-timing distortions.",
    "title": "Poland housing market activity",
    "description": "Monthly Poland housing market activity indicator based on a weighted combination of 3-month smoothed new mortgage lending and residential building permits, indexed to 2019 = 100. The latest overlapping month is excluded to avoid provisional release-timing distortions.",
    "source": "ECB MIR monthly new housing loans and Statistics Poland BDL residential building permit data; mortgage series smoothed with a 3-month moving average and latest overlapping month excluded from the composite.",
    "source_description": "Monthly Poland housing market activity indicator based on a weighted combination of 3-month smoothed new mortgage lending and residential building permits, indexed to 2019 = 100. The latest overlapping month is excluded to avoid provisional release-timing distortions.",
    "visibility": "public",
    "updated_at": "2026-06-02T14:35:56.016242Z",
    "last_refresh": "2026-06-02",
    "table_id": "macro_economics/housing/pl_housing_market_activity_monthly",
    "topic": "Macroeconomics",
    "subtopic": "Housing",
    "geo": [
      "PL"
    ],
    "geo_included": [
      "PL"
    ],
    "page_slug": "poland-housing-market-activity",
    "page_url": "/indicators/macroeconomics/housing/poland-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": "Poland Housing Market Activity",
    "y_axis_label": "Index [2019=100]",
    "related_indicators": [
      {
        "title": "Poland Furniture Retail Market Size",
        "url": "/indicators/retail/market-size/poland-furniture-retail-turnover/",
        "label": "Market size"
      },
      {
        "title": "Poland Furniture Product Search Trend",
        "url": "/indicators/retail/online/poland-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": [
        "PL"
      ]
    },
    "methodology_url": "/about/methodology/housing-market-activity/",
    "methodology_label": "Housing Market Activity Methodology",
    "data_hash": "cf0b61e0116216ecd5f6d203ccd07558178e0462a1dedf4ad3eb6ded3db334ac",
    "trend_summary": "In February 2026, the indicator reached 168 index points, compared with 56.2 index points in January 2015. The latest month changed by 15.4 index points from January 2026, while the full-period change was 111.8 index points. Across the available history, the range runs from 55.3 in January 2023 to 175.2 in December 2025. The latest observation sits between the period low and high, so it should be read against both the January 2023 trough and the December 2025 peak.",
    "trend_summary_generated_at": "2026-06-02T15:20:59.162297+00:00",
    "trend_summary_source": "fallback",
    "key_findings": [
      "Poland housing activity is above its 2019 baseline, giving a more supportive signal for home-related demand.",
      "The series sits in the stronger part of its range, suggesting housing activity remains comparatively firm.",
      "Recent movement is improving, which points to some easing in housing-market pressure."
    ],
    "key_findings_source": "housing_activity_rule",
    "chart_alt_text": "Line chart for Poland Housing Market Activity in index points. The series runs from 2015-01-01 to 2026-02-01; the latest value is 168 index points. The peak is 175.2 index points in 2025-12-01."
  },
  "data": [
    {
      "date": "2015-01-01",
      "geo": "PL",
      "value": 56.17
    },
    {
      "date": "2015-02-01",
      "geo": "PL",
      "value": 58.85
    },
    {
      "date": "2015-03-01",
      "geo": "PL",
      "value": 70.29
    },
    {
      "date": "2015-04-01",
      "geo": "PL",
      "value": 73.77
    },
    {
      "date": "2015-05-01",
      "geo": "PL",
      "value": 77.74
    },
    {
      "date": "2015-06-01",
      "geo": "PL",
      "value": 79.26
    },
    {
      "date": "2015-07-01",
      "geo": "PL",
      "value": 81.44
    },
    {
      "date": "2015-08-01",
      "geo": "PL",
      "value": 76.75
    },
    {
      "date": "2015-09-01",
      "geo": "PL",
      "value": 80.55
    },
    {
      "date": "2015-10-01",
      "geo": "PL",
      "value": 81.82
    },
    {
      "date": "2015-11-01",
      "geo": "PL",
      "value": 75.44
    },
    {
      "date": "2015-12-01",
      "geo": "PL",
      "value": 83.15
    },
    {
      "date": "2016-01-01",
      "geo": "PL",
      "value": 67.73
    },
    {
      "date": "2016-02-01",
      "geo": "PL",
      "value": 74.55
    },
    {
      "date": "2016-03-01",
      "geo": "PL",
      "value": 75.16
    },
    {
      "date": "2016-04-01",
      "geo": "PL",
      "value": 85.98
    },
    {
      "date": "2016-05-01",
      "geo": "PL",
      "value": 83.82
    },
    {
      "date": "2016-06-01",
      "geo": "PL",
      "value": 91.66
    },
    {
      "date": "2016-07-01",
      "geo": "PL",
      "value": 81.6
    },
    {
      "date": "2016-08-01",
      "geo": "PL",
      "value": 81.28
    },
    {
      "date": "2016-09-01",
      "geo": "PL",
      "value": 78.82
    },
    {
      "date": "2016-10-01",
      "geo": "PL",
      "value": 81.78
    },
    {
      "date": "2016-11-01",
      "geo": "PL",
      "value": 76.47
    },
    {
      "date": "2016-12-01",
      "geo": "PL",
      "value": 85.62
    },
    {
      "date": "2017-01-01",
      "geo": "PL",
      "value": 74.34
    },
    {
      "date": "2017-02-01",
      "geo": "PL",
      "value": 87.37
    },
    {
      "date": "2017-03-01",
      "geo": "PL",
      "value": 93.48
    },
    {
      "date": "2017-04-01",
      "geo": "PL",
      "value": 97.11
    },
    {
      "date": "2017-05-01",
      "geo": "PL",
      "value": 99.51
    },
    {
      "date": "2017-06-01",
      "geo": "PL",
      "value": 101.12
    },
    {
      "date": "2017-07-01",
      "geo": "PL",
      "value": 98.39
    },
    {
      "date": "2017-08-01",
      "geo": "PL",
      "value": 91.76
    },
    {
      "date": "2017-09-01",
      "geo": "PL",
      "value": 91.96
    },
    {
      "date": "2017-10-01",
      "geo": "PL",
      "value": 90.83
    },
    {
      "date": "2017-11-01",
      "geo": "PL",
      "value": 81.49
    },
    {
      "date": "2017-12-01",
      "geo": "PL",
      "value": 81.47
    },
    {
      "date": "2018-01-01",
      "geo": "PL",
      "value": 80.87
    },
    {
      "date": "2018-02-01",
      "geo": "PL",
      "value": 82.59
    },
    {
      "date": "2018-03-01",
      "geo": "PL",
      "value": 98.06
    },
    {
      "date": "2018-04-01",
      "geo": "PL",
      "value": 95.82
    },
    {
      "date": "2018-05-01",
      "geo": "PL",
      "value": 97.59
    },
    {
      "date": "2018-06-01",
      "geo": "PL",
      "value": 96.79
    },
    {
      "date": "2018-07-01",
      "geo": "PL",
      "value": 92.47
    },
    {
      "date": "2018-08-01",
      "geo": "PL",
      "value": 96.9
    },
    {
      "date": "2018-09-01",
      "geo": "PL",
      "value": 92.94
    },
    {
      "date": "2018-10-01",
      "geo": "PL",
      "value": 102.99
    },
    {
      "date": "2018-11-01",
      "geo": "PL",
      "value": 94.11
    },
    {
      "date": "2018-12-01",
      "geo": "PL",
      "value": 90.41
    },
    {
      "date": "2019-01-01",
      "geo": "PL",
      "value": 87.58
    },
    {
      "date": "2019-02-01",
      "geo": "PL",
      "value": 80.0
    },
    {
      "date": "2019-03-01",
      "geo": "PL",
      "value": 87.68
    },
    {
      "date": "2019-04-01",
      "geo": "PL",
      "value": 98.28
    },
    {
      "date": "2019-05-01",
      "geo": "PL",
      "value": 110.96
    },
    {
      "date": "2019-06-01",
      "geo": "PL",
      "value": 105.75
    },
    {
      "date": "2019-07-01",
      "geo": "PL",
      "value": 110.5
    },
    {
      "date": "2019-08-01",
      "geo": "PL",
      "value": 106.51
    },
    {
      "date": "2019-09-01",
      "geo": "PL",
      "value": 109.4
    },
    {
      "date": "2019-10-01",
      "geo": "PL",
      "value": 112.61
    },
    {
      "date": "2019-11-01",
      "geo": "PL",
      "value": 95.8
    },
    {
      "date": "2019-12-01",
      "geo": "PL",
      "value": 94.92
    },
    {
      "date": "2020-01-01",
      "geo": "PL",
      "value": 90.8
    },
    {
      "date": "2020-02-01",
      "geo": "PL",
      "value": 97.25
    },
    {
      "date": "2020-03-01",
      "geo": "PL",
      "value": 109.48
    },
    {
      "date": "2020-04-01",
      "geo": "PL",
      "value": 103.34
    },
    {
      "date": "2020-05-01",
      "geo": "PL",
      "value": 105.46
    },
    {
      "date": "2020-06-01",
      "geo": "PL",
      "value": 110.91
    },
    {
      "date": "2020-07-01",
      "geo": "PL",
      "value": 107.79
    },
    {
      "date": "2020-08-01",
      "geo": "PL",
      "value": 99.49
    },
    {
      "date": "2020-09-01",
      "geo": "PL",
      "value": 108.56
    },
    {
      "date": "2020-10-01",
      "geo": "PL",
      "value": 118.56
    },
    {
      "date": "2020-11-01",
      "geo": "PL",
      "value": 114.62
    },
    {
      "date": "2020-12-01",
      "geo": "PL",
      "value": 136.73
    },
    {
      "date": "2021-01-01",
      "geo": "PL",
      "value": 114.88
    },
    {
      "date": "2021-02-01",
      "geo": "PL",
      "value": 124.02
    },
    {
      "date": "2021-03-01",
      "geo": "PL",
      "value": 142.14
    },
    {
      "date": "2021-04-01",
      "geo": "PL",
      "value": 144.55
    },
    {
      "date": "2021-05-01",
      "geo": "PL",
      "value": 158.01
    },
    {
      "date": "2021-06-01",
      "geo": "PL",
      "value": 160.87
    },
    {
      "date": "2021-07-01",
      "geo": "PL",
      "value": 160.52
    },
    {
      "date": "2021-08-01",
      "geo": "PL",
      "value": 160.26
    },
    {
      "date": "2021-09-01",
      "geo": "PL",
      "value": 163.52
    },
    {
      "date": "2021-10-01",
      "geo": "PL",
      "value": 167.6
    },
    {
      "date": "2021-11-01",
      "geo": "PL",
      "value": 160.55
    },
    {
      "date": "2021-12-01",
      "geo": "PL",
      "value": 174.79
    },
    {
      "date": "2022-01-01",
      "geo": "PL",
      "value": 148.76
    },
    {
      "date": "2022-02-01",
      "geo": "PL",
      "value": 141.89
    },
    {
      "date": "2022-03-01",
      "geo": "PL",
      "value": 155.99
    },
    {
      "date": "2022-04-01",
      "geo": "PL",
      "value": 161.51
    },
    {
      "date": "2022-05-01",
      "geo": "PL",
      "value": 166.42
    },
    {
      "date": "2022-06-01",
      "geo": "PL",
      "value": 154.21
    },
    {
      "date": "2022-07-01",
      "geo": "PL",
      "value": 116.24
    },
    {
      "date": "2022-08-01",
      "geo": "PL",
      "value": 97.13
    },
    {
      "date": "2022-09-01",
      "geo": "PL",
      "value": 81.8
    },
    {
      "date": "2022-10-01",
      "geo": "PL",
      "value": 68.52
    },
    {
      "date": "2022-11-01",
      "geo": "PL",
      "value": 64.58
    },
    {
      "date": "2022-12-01",
      "geo": "PL",
      "value": 64.88
    },
    {
      "date": "2023-01-01",
      "geo": "PL",
      "value": 55.3
    },
    {
      "date": "2023-02-01",
      "geo": "PL",
      "value": 57.4
    },
    {
      "date": "2023-03-01",
      "geo": "PL",
      "value": 68.66
    },
    {
      "date": "2023-04-01",
      "geo": "PL",
      "value": 74.2
    },
    {
      "date": "2023-05-01",
      "geo": "PL",
      "value": 79.44
    },
    {
      "date": "2023-06-01",
      "geo": "PL",
      "value": 87.1
    },
    {
      "date": "2023-07-01",
      "geo": "PL",
      "value": 85.18
    },
    {
      "date": "2023-08-01",
      "geo": "PL",
      "value": 90.37
    },
    {
      "date": "2023-09-01",
      "geo": "PL",
      "value": 102.05
    },
    {
      "date": "2023-10-01",
      "geo": "PL",
      "value": 125.19
    },
    {
      "date": "2023-11-01",
      "geo": "PL",
      "value": 135.65
    },
    {
      "date": "2023-12-01",
      "geo": "PL",
      "value": 149.51
    },
    {
      "date": "2024-01-01",
      "geo": "PL",
      "value": 155.7
    },
    {
      "date": "2024-02-01",
      "geo": "PL",
      "value": 162.87
    },
    {
      "date": "2024-03-01",
      "geo": "PL",
      "value": 163.97
    },
    {
      "date": "2024-04-01",
      "geo": "PL",
      "value": 143.71
    },
    {
      "date": "2024-05-01",
      "geo": "PL",
      "value": 126.87
    },
    {
      "date": "2024-06-01",
      "geo": "PL",
      "value": 126.08
    },
    {
      "date": "2024-07-01",
      "geo": "PL",
      "value": 129.69
    },
    {
      "date": "2024-08-01",
      "geo": "PL",
      "value": 129.49
    },
    {
      "date": "2024-09-01",
      "geo": "PL",
      "value": 126.15
    },
    {
      "date": "2024-10-01",
      "geo": "PL",
      "value": 129.7
    },
    {
      "date": "2024-11-01",
      "geo": "PL",
      "value": 128.85
    },
    {
      "date": "2024-12-01",
      "geo": "PL",
      "value": 128.55
    },
    {
      "date": "2025-01-01",
      "geo": "PL",
      "value": 121.11
    },
    {
      "date": "2025-02-01",
      "geo": "PL",
      "value": 119.12
    },
    {
      "date": "2025-03-01",
      "geo": "PL",
      "value": 127.74
    },
    {
      "date": "2025-04-01",
      "geo": "PL",
      "value": 128.04
    },
    {
      "date": "2025-05-01",
      "geo": "PL",
      "value": 137.85
    },
    {
      "date": "2025-06-01",
      "geo": "PL",
      "value": 139.89
    },
    {
      "date": "2025-07-01",
      "geo": "PL",
      "value": 160.16
    },
    {
      "date": "2025-08-01",
      "geo": "PL",
      "value": 153.65
    },
    {
      "date": "2025-09-01",
      "geo": "PL",
      "value": 167.33
    },
    {
      "date": "2025-10-01",
      "geo": "PL",
      "value": 170.97
    },
    {
      "date": "2025-11-01",
      "geo": "PL",
      "value": 166.28
    },
    {
      "date": "2025-12-01",
      "geo": "PL",
      "value": 175.23
    },
    {
      "date": "2026-01-01",
      "geo": "PL",
      "value": 152.6
    },
    {
      "date": "2026-02-01",
      "geo": "PL",
      "value": 167.96
    }
  ]
}