{
  "id": "macro_economics/housing/europe_housing_market_activity_monthly",
  "generated_at": "2026-10-07T14:40:37.098576+00:00",
  "last_refresh": "2026-10-05",
  "source": "Bank of England LPMVTVX monthly mortgage approvals for house purchase and ONS UK residential construction activity. Mortgage approvals are smoothed with a 3-month moving average; construction uses ONS dwelling starts with recent months nowcast from ONS monthly Total new housing construction output. The 2023-Q2 starts spike is adjusted to reduce a documented regulatory timing distortion.",
  "source_description": "Monthly UK housing market activity indicator based on a weighted combination of 3-month smoothed Bank of England mortgage approvals for house purchase and ONS residential construction activity, indexed to 2019 = 100.",
  "table_id": "macro_economics/housing/europe_housing_market_activity_monthly",
  "meta": {
    "indicator_name": "UK Housing Market Activity",
    "indicator_description": "Monthly UK housing market activity indicator based on a weighted combination of 3-month smoothed Bank of England mortgage approvals for house purchase and ONS residential construction activity, indexed to 2019 = 100.",
    "title": "UK Housing Market Activity",
    "description": "Monthly UK housing market activity indicator based on a weighted combination of 3-month smoothed Bank of England mortgage approvals for house purchase and ONS residential construction activity, indexed to 2019 = 100.",
    "source": "Bank of England LPMVTVX monthly mortgage approvals for house purchase and ONS UK residential construction activity. Mortgage approvals are smoothed with a 3-month moving average; construction uses ONS dwelling starts with recent months nowcast from ONS monthly Total new housing construction output. The 2023-Q2 starts spike is adjusted to reduce a documented regulatory timing distortion.",
    "source_description": "Monthly UK housing market activity indicator based on a weighted combination of 3-month smoothed Bank of England mortgage approvals for house purchase and ONS residential construction activity, 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": [
      "UK"
    ],
    "geo_included": [
      "UK"
    ],
    "page_slug": "uk-housing-market-activity",
    "page_url": "/indicators/macroeconomics/housing/uk-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": "UK Housing Market Activity",
    "y_axis_label": "Index [2019=100]",
    "related_indicators": [
      {
        "title": "UK Furniture Market Hub",
        "url": "/market/uk-furniture-market-hub/",
        "label": "Market hub"
      },
      {
        "title": "UK Furniture Retail Market Size",
        "url": "/indicators/retail/market-size/uk-furniture-retail-turnover/",
        "label": "Market size"
      },
      {
        "title": "UK Furniture Product Search Trend",
        "url": "/indicators/retail/online/uk-furniture-products-search-trend/",
        "label": "Online"
      },
      {
        "title": "US Housing Market Activity",
        "url": "/indicators/macroeconomics/housing/us-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": [
        "UK"
      ]
    },
    "methodology_url": "/about/methodology/housing-market-activity/",
    "methodology_label": "Housing Market Activity Methodology",
    "data_hash": "31de83302a8a7873fd7ce3d0bcc26186ab722a23dd363bbe7c13ab5476f27703",
    "trend_summary": "The UK housing market activity index shows distinct phases over time, with a notable peak in April 2022 at 115.3, followed by a decline to a trough of 63.1 in October 2023. The latest level of 91.0 indicates a recovery from the trough but remains below the 2019 baseline. Recent momentum appears mixed, with a slight year-over-year decline of 0.3% over the past three months, contrasting with a 2.8% increase over the past year, suggesting some stabilization. Yearly averages highlight a significant drop in 2023, followed by gradual improvement through 2025.",
    "trend_summary_generated_at": "2026-10-07T14:40:41.708780+00:00",
    "key_findings": [
      "UK housing activity is below its 2019 baseline, so the housing-linked demand signal is still soft.",
      "Read alongside UK Furniture Retail Market Size and UK Furniture Product Search Trend, soft housing activity keeps the furniture demand backdrop cautious.",
      "Recent movement is broadly sideways, so the housing signal is not yet showing a clear new impulse."
    ],
    "key_findings_source": "deterministic_related_context",
    "chart_alt_text": "Line chart for UK Housing Market Activity in index points. The series runs from 2015-01-01 to 2026-03-01; the latest value is 91 index points. The peak is 115.3 index points in 2022-04-01."
  },
  "data": [
    {
      "date": "2015-01-01",
      "geo": "UK",
      "value": 94.55
    },
    {
      "date": "2015-02-01",
      "geo": "UK",
      "value": 95.8
    },
    {
      "date": "2015-03-01",
      "geo": "UK",
      "value": 96.67
    },
    {
      "date": "2015-04-01",
      "geo": "UK",
      "value": 97.52
    },
    {
      "date": "2015-05-01",
      "geo": "UK",
      "value": 98.79
    },
    {
      "date": "2015-06-01",
      "geo": "UK",
      "value": 100.55
    },
    {
      "date": "2015-07-01",
      "geo": "UK",
      "value": 101.35
    },
    {
      "date": "2015-08-01",
      "geo": "UK",
      "value": 103.63
    },
    {
      "date": "2015-09-01",
      "geo": "UK",
      "value": 104.63
    },
    {
      "date": "2015-10-01",
      "geo": "UK",
      "value": 98.93
    },
    {
      "date": "2015-11-01",
      "geo": "UK",
      "value": 98.37
    },
    {
      "date": "2015-12-01",
      "geo": "UK",
      "value": 98.39
    },
    {
      "date": "2016-01-01",
      "geo": "UK",
      "value": 103.3
    },
    {
      "date": "2016-02-01",
      "geo": "UK",
      "value": 103.75
    },
    {
      "date": "2016-03-01",
      "geo": "UK",
      "value": 103.56
    },
    {
      "date": "2016-04-01",
      "geo": "UK",
      "value": 105.3
    },
    {
      "date": "2016-05-01",
      "geo": "UK",
      "value": 103.95
    },
    {
      "date": "2016-06-01",
      "geo": "UK",
      "value": 102.26
    },
    {
      "date": "2016-07-01",
      "geo": "UK",
      "value": 102.44
    },
    {
      "date": "2016-08-01",
      "geo": "UK",
      "value": 100.33
    },
    {
      "date": "2016-09-01",
      "geo": "UK",
      "value": 99.9
    },
    {
      "date": "2016-10-01",
      "geo": "UK",
      "value": 95.52
    },
    {
      "date": "2016-11-01",
      "geo": "UK",
      "value": 97.84
    },
    {
      "date": "2016-12-01",
      "geo": "UK",
      "value": 99.2
    },
    {
      "date": "2017-01-01",
      "geo": "UK",
      "value": 105.17
    },
    {
      "date": "2017-02-01",
      "geo": "UK",
      "value": 105.07
    },
    {
      "date": "2017-03-01",
      "geo": "UK",
      "value": 104.95
    },
    {
      "date": "2017-04-01",
      "geo": "UK",
      "value": 105.59
    },
    {
      "date": "2017-05-01",
      "geo": "UK",
      "value": 104.86
    },
    {
      "date": "2017-06-01",
      "geo": "UK",
      "value": 104.01
    },
    {
      "date": "2017-07-01",
      "geo": "UK",
      "value": 101.86
    },
    {
      "date": "2017-08-01",
      "geo": "UK",
      "value": 102.16
    },
    {
      "date": "2017-09-01",
      "geo": "UK",
      "value": 102.47
    },
    {
      "date": "2017-10-01",
      "geo": "UK",
      "value": 97.97
    },
    {
      "date": "2017-11-01",
      "geo": "UK",
      "value": 97.58
    },
    {
      "date": "2017-12-01",
      "geo": "UK",
      "value": 96.24
    },
    {
      "date": "2018-01-01",
      "geo": "UK",
      "value": 101.48
    },
    {
      "date": "2018-02-01",
      "geo": "UK",
      "value": 100.6
    },
    {
      "date": "2018-03-01",
      "geo": "UK",
      "value": 100.84
    },
    {
      "date": "2018-04-01",
      "geo": "UK",
      "value": 100.75
    },
    {
      "date": "2018-05-01",
      "geo": "UK",
      "value": 101.41
    },
    {
      "date": "2018-06-01",
      "geo": "UK",
      "value": 102.38
    },
    {
      "date": "2018-07-01",
      "geo": "UK",
      "value": 106.17
    },
    {
      "date": "2018-08-01",
      "geo": "UK",
      "value": 106.75
    },
    {
      "date": "2018-09-01",
      "geo": "UK",
      "value": 106.76
    },
    {
      "date": "2018-10-01",
      "geo": "UK",
      "value": 100.43
    },
    {
      "date": "2018-11-01",
      "geo": "UK",
      "value": 99.84
    },
    {
      "date": "2018-12-01",
      "geo": "UK",
      "value": 99.32
    },
    {
      "date": "2019-01-01",
      "geo": "UK",
      "value": 99.85
    },
    {
      "date": "2019-02-01",
      "geo": "UK",
      "value": 99.57
    },
    {
      "date": "2019-03-01",
      "geo": "UK",
      "value": 98.82
    },
    {
      "date": "2019-04-01",
      "geo": "UK",
      "value": 99.79
    },
    {
      "date": "2019-05-01",
      "geo": "UK",
      "value": 100.22
    },
    {
      "date": "2019-06-01",
      "geo": "UK",
      "value": 101.69
    },
    {
      "date": "2019-07-01",
      "geo": "UK",
      "value": 105.14
    },
    {
      "date": "2019-08-01",
      "geo": "UK",
      "value": 105.33
    },
    {
      "date": "2019-09-01",
      "geo": "UK",
      "value": 105.22
    },
    {
      "date": "2019-10-01",
      "geo": "UK",
      "value": 94.5
    },
    {
      "date": "2019-11-01",
      "geo": "UK",
      "value": 94.7
    },
    {
      "date": "2019-12-01",
      "geo": "UK",
      "value": 95.16
    },
    {
      "date": "2020-01-01",
      "geo": "UK",
      "value": 99.75
    },
    {
      "date": "2020-02-01",
      "geo": "UK",
      "value": 101.38
    },
    {
      "date": "2020-03-01",
      "geo": "UK",
      "value": 97.59
    },
    {
      "date": "2022-04-01",
      "geo": "UK",
      "value": 115.34
    },
    {
      "date": "2022-05-01",
      "geo": "UK",
      "value": 114.75
    },
    {
      "date": "2022-06-01",
      "geo": "UK",
      "value": 112.87
    },
    {
      "date": "2022-07-01",
      "geo": "UK",
      "value": 104.6
    },
    {
      "date": "2022-08-01",
      "geo": "UK",
      "value": 106.53
    },
    {
      "date": "2022-09-01",
      "geo": "UK",
      "value": 107.17
    },
    {
      "date": "2022-10-01",
      "geo": "UK",
      "value": 93.18
    },
    {
      "date": "2022-11-01",
      "geo": "UK",
      "value": 84.76
    },
    {
      "date": "2022-12-01",
      "geo": "UK",
      "value": 77.03
    },
    {
      "date": "2023-01-01",
      "geo": "UK",
      "value": 75.16
    },
    {
      "date": "2023-02-01",
      "geo": "UK",
      "value": 73.87
    },
    {
      "date": "2023-03-01",
      "geo": "UK",
      "value": 76.98
    },
    {
      "date": "2023-04-01",
      "geo": "UK",
      "value": 74.07
    },
    {
      "date": "2023-05-01",
      "geo": "UK",
      "value": 76.75
    },
    {
      "date": "2023-06-01",
      "geo": "UK",
      "value": 78.01
    },
    {
      "date": "2023-07-01",
      "geo": "UK",
      "value": 72.43
    },
    {
      "date": "2023-08-01",
      "geo": "UK",
      "value": 70.58
    },
    {
      "date": "2023-09-01",
      "geo": "UK",
      "value": 67.05
    },
    {
      "date": "2023-10-01",
      "geo": "UK",
      "value": 63.15
    },
    {
      "date": "2023-11-01",
      "geo": "UK",
      "value": 64.79
    },
    {
      "date": "2023-12-01",
      "geo": "UK",
      "value": 67.59
    },
    {
      "date": "2024-01-01",
      "geo": "UK",
      "value": 74.96
    },
    {
      "date": "2024-02-01",
      "geo": "UK",
      "value": 78.06
    },
    {
      "date": "2024-03-01",
      "geo": "UK",
      "value": 80.91
    },
    {
      "date": "2024-04-01",
      "geo": "UK",
      "value": 84.84
    },
    {
      "date": "2024-05-01",
      "geo": "UK",
      "value": 85.21
    },
    {
      "date": "2024-06-01",
      "geo": "UK",
      "value": 85.24
    },
    {
      "date": "2024-07-01",
      "geo": "UK",
      "value": 88.51
    },
    {
      "date": "2024-08-01",
      "geo": "UK",
      "value": 90.02
    },
    {
      "date": "2024-09-01",
      "geo": "UK",
      "value": 91.46
    },
    {
      "date": "2024-10-01",
      "geo": "UK",
      "value": 89.0
    },
    {
      "date": "2024-11-01",
      "geo": "UK",
      "value": 89.18
    },
    {
      "date": "2024-12-01",
      "geo": "UK",
      "value": 89.63
    },
    {
      "date": "2025-01-01",
      "geo": "UK",
      "value": 91.93
    },
    {
      "date": "2025-02-01",
      "geo": "UK",
      "value": 91.5
    },
    {
      "date": "2025-03-01",
      "geo": "UK",
      "value": 90.35
    },
    {
      "date": "2025-04-01",
      "geo": "UK",
      "value": 90.56
    },
    {
      "date": "2025-05-01",
      "geo": "UK",
      "value": 89.9
    },
    {
      "date": "2025-06-01",
      "geo": "UK",
      "value": 90.32
    },
    {
      "date": "2025-07-01",
      "geo": "UK",
      "value": 91.53
    },
    {
      "date": "2025-08-01",
      "geo": "UK",
      "value": 92.41
    },
    {
      "date": "2025-09-01",
      "geo": "UK",
      "value": 92.85
    },
    {
      "date": "2025-10-01",
      "geo": "UK",
      "value": 92.59
    },
    {
      "date": "2025-11-01",
      "geo": "UK",
      "value": 92.37
    },
    {
      "date": "2025-12-01",
      "geo": "UK",
      "value": 90.83
    },
    {
      "date": "2026-01-01",
      "geo": "UK",
      "value": 91.31
    },
    {
      "date": "2026-02-01",
      "geo": "UK",
      "value": 90.55
    },
    {
      "date": "2026-03-01",
      "geo": "UK",
      "value": 91.05
    }
  ]
}