{
  "id": "macro_economics/housing/europe_housing_market_activity_monthly",
  "generated_at": "2026-07-08T08:07:05.859137+00:00",
  "last_refresh": "2026-07-07",
  "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": "2026-07-07T18:22:53.564737Z",
    "last_refresh": "2026-07-07",
    "table_id": "macro_economics/housing/europe_housing_market_activity_monthly",
    "topic": "Macroeconomics",
    "subtopic": "Housing",
    "geo": [
      "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": "eea9aaa92d9e7a7747cf5ddfa53dd0b922ed107938e545e3121d02f6ef2506da",
    "trend_summary": "The UK housing market activity index shows notable fluctuations over the observed period. After peaking at 115.6 in April 2022, the index experienced a significant decline, reaching a trough of 63.0 in October 2023. Recent data indicates a partial recovery, with the index at 88.4, still below the 2019 baseline of 100. Year-over-year comparisons suggest mixed momentum, with a 1.6% increase over 12 months but a 4.7% decline over the past three months, reflecting ongoing volatility. Broadly, the index averaged higher in the mid-2010s, with a marked dip in 2023, followed by a gradual improvement into 2025.",
    "trend_summary_generated_at": "2026-07-08T08:07:11.269741+00:00",
    "key_findings": [
      "UK housing activity remains below 2019 levels, indicating a soft demand signal for housing-related furniture.",
      "Recent weakening in housing activity suggests fragile residential momentum, with a 4.7% decline over the past three months.",
      "Read alongside UK Furniture Retail Market Size, the housing index's partial recovery to 88.4 adds context to cautious demand conditions."
    ],
    "key_findings_source": "ai_rewrite",
    "key_findings_generated_at": "2026-07-08T08:07:13.801321+00:00",
    "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 88.4 index points. The peak is 115.6 index points in 2022-04-01."
  },
  "data": [
    {
      "date": "2015-01-01",
      "geo": "UK",
      "value": 94.6
    },
    {
      "date": "2015-02-01",
      "geo": "UK",
      "value": 95.84
    },
    {
      "date": "2015-03-01",
      "geo": "UK",
      "value": 96.69
    },
    {
      "date": "2015-04-01",
      "geo": "UK",
      "value": 97.53
    },
    {
      "date": "2015-05-01",
      "geo": "UK",
      "value": 98.83
    },
    {
      "date": "2015-06-01",
      "geo": "UK",
      "value": 100.58
    },
    {
      "date": "2015-07-01",
      "geo": "UK",
      "value": 101.34
    },
    {
      "date": "2015-08-01",
      "geo": "UK",
      "value": 103.6
    },
    {
      "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": 98.35
    },
    {
      "date": "2015-12-01",
      "geo": "UK",
      "value": 98.39
    },
    {
      "date": "2016-01-01",
      "geo": "UK",
      "value": 103.31
    },
    {
      "date": "2016-02-01",
      "geo": "UK",
      "value": 103.77
    },
    {
      "date": "2016-03-01",
      "geo": "UK",
      "value": 103.59
    },
    {
      "date": "2016-04-01",
      "geo": "UK",
      "value": 105.3
    },
    {
      "date": "2016-05-01",
      "geo": "UK",
      "value": 103.99
    },
    {
      "date": "2016-06-01",
      "geo": "UK",
      "value": 102.28
    },
    {
      "date": "2016-07-01",
      "geo": "UK",
      "value": 102.46
    },
    {
      "date": "2016-08-01",
      "geo": "UK",
      "value": 100.32
    },
    {
      "date": "2016-09-01",
      "geo": "UK",
      "value": 99.89
    },
    {
      "date": "2016-10-01",
      "geo": "UK",
      "value": 95.51
    },
    {
      "date": "2016-11-01",
      "geo": "UK",
      "value": 97.82
    },
    {
      "date": "2016-12-01",
      "geo": "UK",
      "value": 99.19
    },
    {
      "date": "2017-01-01",
      "geo": "UK",
      "value": 105.15
    },
    {
      "date": "2017-02-01",
      "geo": "UK",
      "value": 105.07
    },
    {
      "date": "2017-03-01",
      "geo": "UK",
      "value": 104.96
    },
    {
      "date": "2017-04-01",
      "geo": "UK",
      "value": 105.63
    },
    {
      "date": "2017-05-01",
      "geo": "UK",
      "value": 104.93
    },
    {
      "date": "2017-06-01",
      "geo": "UK",
      "value": 104.05
    },
    {
      "date": "2017-07-01",
      "geo": "UK",
      "value": 101.86
    },
    {
      "date": "2017-08-01",
      "geo": "UK",
      "value": 102.14
    },
    {
      "date": "2017-09-01",
      "geo": "UK",
      "value": 102.45
    },
    {
      "date": "2017-10-01",
      "geo": "UK",
      "value": 97.95
    },
    {
      "date": "2017-11-01",
      "geo": "UK",
      "value": 97.56
    },
    {
      "date": "2017-12-01",
      "geo": "UK",
      "value": 96.23
    },
    {
      "date": "2018-01-01",
      "geo": "UK",
      "value": 101.48
    },
    {
      "date": "2018-02-01",
      "geo": "UK",
      "value": 100.59
    },
    {
      "date": "2018-03-01",
      "geo": "UK",
      "value": 100.86
    },
    {
      "date": "2018-04-01",
      "geo": "UK",
      "value": 100.79
    },
    {
      "date": "2018-05-01",
      "geo": "UK",
      "value": 101.49
    },
    {
      "date": "2018-06-01",
      "geo": "UK",
      "value": 102.41
    },
    {
      "date": "2018-07-01",
      "geo": "UK",
      "value": 106.16
    },
    {
      "date": "2018-08-01",
      "geo": "UK",
      "value": 106.71
    },
    {
      "date": "2018-09-01",
      "geo": "UK",
      "value": 106.74
    },
    {
      "date": "2018-10-01",
      "geo": "UK",
      "value": 100.42
    },
    {
      "date": "2018-11-01",
      "geo": "UK",
      "value": 99.83
    },
    {
      "date": "2018-12-01",
      "geo": "UK",
      "value": 99.31
    },
    {
      "date": "2019-01-01",
      "geo": "UK",
      "value": 99.84
    },
    {
      "date": "2019-02-01",
      "geo": "UK",
      "value": 99.57
    },
    {
      "date": "2019-03-01",
      "geo": "UK",
      "value": 98.83
    },
    {
      "date": "2019-04-01",
      "geo": "UK",
      "value": 99.83
    },
    {
      "date": "2019-05-01",
      "geo": "UK",
      "value": 100.29
    },
    {
      "date": "2019-06-01",
      "geo": "UK",
      "value": 101.75
    },
    {
      "date": "2019-07-01",
      "geo": "UK",
      "value": 105.14
    },
    {
      "date": "2019-08-01",
      "geo": "UK",
      "value": 105.3
    },
    {
      "date": "2019-09-01",
      "geo": "UK",
      "value": 105.16
    },
    {
      "date": "2019-10-01",
      "geo": "UK",
      "value": 94.47
    },
    {
      "date": "2019-11-01",
      "geo": "UK",
      "value": 94.68
    },
    {
      "date": "2019-12-01",
      "geo": "UK",
      "value": 95.13
    },
    {
      "date": "2020-01-01",
      "geo": "UK",
      "value": 99.72
    },
    {
      "date": "2020-02-01",
      "geo": "UK",
      "value": 101.37
    },
    {
      "date": "2020-03-01",
      "geo": "UK",
      "value": 97.61
    },
    {
      "date": "2022-04-01",
      "geo": "UK",
      "value": 115.57
    },
    {
      "date": "2022-05-01",
      "geo": "UK",
      "value": 114.95
    },
    {
      "date": "2022-06-01",
      "geo": "UK",
      "value": 112.99
    },
    {
      "date": "2022-07-01",
      "geo": "UK",
      "value": 104.52
    },
    {
      "date": "2022-08-01",
      "geo": "UK",
      "value": 106.33
    },
    {
      "date": "2022-09-01",
      "geo": "UK",
      "value": 106.89
    },
    {
      "date": "2022-10-01",
      "geo": "UK",
      "value": 92.99
    },
    {
      "date": "2022-11-01",
      "geo": "UK",
      "value": 84.64
    },
    {
      "date": "2022-12-01",
      "geo": "UK",
      "value": 76.99
    },
    {
      "date": "2023-01-01",
      "geo": "UK",
      "value": 75.18
    },
    {
      "date": "2023-02-01",
      "geo": "UK",
      "value": 73.98
    },
    {
      "date": "2023-03-01",
      "geo": "UK",
      "value": 77.2
    },
    {
      "date": "2023-04-01",
      "geo": "UK",
      "value": 74.39
    },
    {
      "date": "2023-05-01",
      "geo": "UK",
      "value": 77.04
    },
    {
      "date": "2023-06-01",
      "geo": "UK",
      "value": 78.14
    },
    {
      "date": "2023-07-01",
      "geo": "UK",
      "value": 72.31
    },
    {
      "date": "2023-08-01",
      "geo": "UK",
      "value": 70.33
    },
    {
      "date": "2023-09-01",
      "geo": "UK",
      "value": 66.76
    },
    {
      "date": "2023-10-01",
      "geo": "UK",
      "value": 62.95
    },
    {
      "date": "2023-11-01",
      "geo": "UK",
      "value": 64.65
    },
    {
      "date": "2023-12-01",
      "geo": "UK",
      "value": 67.56
    },
    {
      "date": "2024-01-01",
      "geo": "UK",
      "value": 75.0
    },
    {
      "date": "2024-02-01",
      "geo": "UK",
      "value": 78.28
    },
    {
      "date": "2024-03-01",
      "geo": "UK",
      "value": 81.33
    },
    {
      "date": "2024-04-01",
      "geo": "UK",
      "value": 85.41
    },
    {
      "date": "2024-05-01",
      "geo": "UK",
      "value": 85.73
    },
    {
      "date": "2024-06-01",
      "geo": "UK",
      "value": 85.45
    },
    {
      "date": "2024-07-01",
      "geo": "UK",
      "value": 88.28
    },
    {
      "date": "2024-08-01",
      "geo": "UK",
      "value": 89.5
    },
    {
      "date": "2024-09-01",
      "geo": "UK",
      "value": 90.88
    },
    {
      "date": "2024-10-01",
      "geo": "UK",
      "value": 88.6
    },
    {
      "date": "2024-11-01",
      "geo": "UK",
      "value": 88.91
    },
    {
      "date": "2024-12-01",
      "geo": "UK",
      "value": 89.54
    },
    {
      "date": "2025-01-01",
      "geo": "UK",
      "value": 92.04
    },
    {
      "date": "2025-02-01",
      "geo": "UK",
      "value": 91.89
    },
    {
      "date": "2025-03-01",
      "geo": "UK",
      "value": 91.01
    },
    {
      "date": "2025-04-01",
      "geo": "UK",
      "value": 91.36
    },
    {
      "date": "2025-05-01",
      "geo": "UK",
      "value": 90.62
    },
    {
      "date": "2025-06-01",
      "geo": "UK",
      "value": 90.55
    },
    {
      "date": "2025-07-01",
      "geo": "UK",
      "value": 91.14
    },
    {
      "date": "2025-08-01",
      "geo": "UK",
      "value": 91.64
    },
    {
      "date": "2025-09-01",
      "geo": "UK",
      "value": 92.04
    },
    {
      "date": "2025-10-01",
      "geo": "UK",
      "value": 92.02
    },
    {
      "date": "2025-11-01",
      "geo": "UK",
      "value": 92.0
    },
    {
      "date": "2025-12-01",
      "geo": "UK",
      "value": 90.73
    },
    {
      "date": "2026-01-01",
      "geo": "UK",
      "value": 86.68
    },
    {
      "date": "2026-02-01",
      "geo": "UK",
      "value": 86.89
    },
    {
      "date": "2026-03-01",
      "geo": "UK",
      "value": 88.38
    }
  ]
}