{
  "id": "macro_economics/housing/us_housing_market_activity_monthly",
  "generated_at": "2026-05-27T08:33:38.412596+00:00",
  "last_refresh": "2026-05-25",
  "source": "New mortgages FRED series RCMFLOORIGPURPPURCHASE disaggregated to monthly frequency using FRED EXHOSLUSM495S and FRED HOUST, housing starts total new privately owned housing units",
  "source_description": "Monthly United States housing market activity indicator based on a weighted combination of new mortgage lending and residential building starts, indexed to 2019 = 100.",
  "table_id": "macro_economics/housing/us_housing_market_activity_monthly",
  "meta": {
    "indicator_name": "US housing market activity",
    "indicator_description": "Monthly United States housing market activity indicator based on a weighted combination of new mortgage lending and residential building starts, indexed to 2019 = 100.",
    "title": "US housing market activity",
    "description": "Monthly United States housing market activity indicator based on a weighted combination of new mortgage lending and residential building starts, indexed to 2019 = 100.",
    "source": "New mortgages FRED series RCMFLOORIGPURPPURCHASE disaggregated to monthly frequency using FRED EXHOSLUSM495S and FRED HOUST, housing starts total new privately owned housing units",
    "source_description": "Monthly United States housing market activity indicator based on a weighted combination of new mortgage lending and residential building starts, indexed to 2019 = 100.",
    "visibility": "public",
    "updated_at": "2026-05-25T06:49:18.514768Z",
    "last_refresh": "2026-05-25",
    "table_id": "macro_economics/housing/us_housing_market_activity_monthly",
    "topic": "Macroeconomics",
    "subtopic": "Housing",
    "geo": [
      "US"
    ],
    "geo_included": [
      "US"
    ],
    "page_slug": "us-housing-market-activity",
    "page_url": "/indicators/macroeconomics/housing/us-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": "United States Housing Market Activity",
    "y_axis_label": "Index [2019=100]",
    "related_indicators": [
      {
        "title": "US Furniture Retail Market Size",
        "url": "/indicators/retail/market-size/us-furniture-retail-turnover/",
        "label": "Market size"
      },
      {
        "title": "US Furniture Product Search Trend",
        "url": "/indicators/retail/online/us-furniture-products-search-trend/",
        "label": "Online"
      },
      {
        "title": "Germany Housing Market Activity",
        "url": "/indicators/macroeconomics/housing/germany-housing-market-activity/",
        "label": "Housing"
      }
    ],
    "data_hash": "98f31014c7ba73142bee69f5b16f0d9297c55b1b0f6d893babe4a6fd467fae67",
    "trend_summary": "In 2026-03-01, the indicator reached 85.1 Index [2019=100], compared with 64.5 Index [2019=100] in 2015-01-01. The latest year changed by 2.6 Index [2019=100] from 2026-02-01, while the full-period change was 20.6 Index [2019=100]. Across the available history, the range runs from 59.4 in 2015-02-01 to 147.2 in 2022-04-01. The latest observation sits between the period low and high, so it should be read against both the 2015-02-01 trough and the 2022-04-01 peak.",
    "trend_summary_generated_at": "2026-05-27T08:33:56.254966+00:00",
    "trend_summary_source": "fallback",
    "key_findings": [
      "US housing activity is below its 2019 baseline, so the housing-linked demand signal is still soft.",
      "The series is still in the weaker part of its range, leaving the housing cycle fragile.",
      "Recent movement is broadly sideways, so the housing signal is not yet showing a clear new impulse."
    ],
    "key_findings_source": "housing_activity_rule",
    "key_findings_rewrite_error": "Error code: 429 - {'error': {'message': 'You exceeded your current quota, please check your plan and billing details. For more information on this error, read the docs: https://platform.openai.com/docs/guides/error-codes/api-errors.', 'type': 'insufficient_quota', 'param': None, 'code': 'insufficient_quota'}}"
  },
  "data": [
    {
      "date": "2015-01-01",
      "geo": "US",
      "value": 64.5
    },
    {
      "date": "2015-02-01",
      "geo": "US",
      "value": 59.4
    },
    {
      "date": "2015-03-01",
      "geo": "US",
      "value": 63.4
    },
    {
      "date": "2015-04-01",
      "geo": "US",
      "value": 87.86
    },
    {
      "date": "2015-05-01",
      "geo": "US",
      "value": 86.47
    },
    {
      "date": "2015-06-01",
      "geo": "US",
      "value": 91.18
    },
    {
      "date": "2015-07-01",
      "geo": "US",
      "value": 96.13
    },
    {
      "date": "2015-08-01",
      "geo": "US",
      "value": 93.45
    },
    {
      "date": "2015-09-01",
      "geo": "US",
      "value": 97.77
    },
    {
      "date": "2015-10-01",
      "geo": "US",
      "value": 79.26
    },
    {
      "date": "2015-11-01",
      "geo": "US",
      "value": 78.24
    },
    {
      "date": "2015-12-01",
      "geo": "US",
      "value": 83.17
    },
    {
      "date": "2016-01-01",
      "geo": "US",
      "value": 72.84
    },
    {
      "date": "2016-02-01",
      "geo": "US",
      "value": 73.28
    },
    {
      "date": "2016-03-01",
      "geo": "US",
      "value": 72.48
    },
    {
      "date": "2016-04-01",
      "geo": "US",
      "value": 95.02
    },
    {
      "date": "2016-05-01",
      "geo": "US",
      "value": 95.55
    },
    {
      "date": "2016-06-01",
      "geo": "US",
      "value": 97.74
    },
    {
      "date": "2016-07-01",
      "geo": "US",
      "value": 100.57
    },
    {
      "date": "2016-08-01",
      "geo": "US",
      "value": 98.85
    },
    {
      "date": "2016-09-01",
      "geo": "US",
      "value": 97.7
    },
    {
      "date": "2016-10-01",
      "geo": "US",
      "value": 95.11
    },
    {
      "date": "2016-11-01",
      "geo": "US",
      "value": 91.18
    },
    {
      "date": "2016-12-01",
      "geo": "US",
      "value": 93.25
    },
    {
      "date": "2017-01-01",
      "geo": "US",
      "value": 78.13
    },
    {
      "date": "2017-02-01",
      "geo": "US",
      "value": 78.55
    },
    {
      "date": "2017-03-01",
      "geo": "US",
      "value": 78.21
    },
    {
      "date": "2017-04-01",
      "geo": "US",
      "value": 102.06
    },
    {
      "date": "2017-05-01",
      "geo": "US",
      "value": 103.13
    },
    {
      "date": "2017-06-01",
      "geo": "US",
      "value": 104.22
    },
    {
      "date": "2017-07-01",
      "geo": "US",
      "value": 107.49
    },
    {
      "date": "2017-08-01",
      "geo": "US",
      "value": 105.95
    },
    {
      "date": "2017-09-01",
      "geo": "US",
      "value": 105.84
    },
    {
      "date": "2017-10-01",
      "geo": "US",
      "value": 95.97
    },
    {
      "date": "2017-11-01",
      "geo": "US",
      "value": 98.88
    },
    {
      "date": "2017-12-01",
      "geo": "US",
      "value": 94.47
    },
    {
      "date": "2018-01-01",
      "geo": "US",
      "value": 85.05
    },
    {
      "date": "2018-02-01",
      "geo": "US",
      "value": 85.93
    },
    {
      "date": "2018-03-01",
      "geo": "US",
      "value": 87.6
    },
    {
      "date": "2018-04-01",
      "geo": "US",
      "value": 110.83
    },
    {
      "date": "2018-05-01",
      "geo": "US",
      "value": 112.46
    },
    {
      "date": "2018-06-01",
      "geo": "US",
      "value": 107.58
    },
    {
      "date": "2018-07-01",
      "geo": "US",
      "value": 108.31
    },
    {
      "date": "2018-08-01",
      "geo": "US",
      "value": 110.48
    },
    {
      "date": "2018-09-01",
      "geo": "US",
      "value": 107.18
    },
    {
      "date": "2018-10-01",
      "geo": "US",
      "value": 92.3
    },
    {
      "date": "2018-11-01",
      "geo": "US",
      "value": 91.1
    },
    {
      "date": "2018-12-01",
      "geo": "US",
      "value": 86.39
    },
    {
      "date": "2019-01-01",
      "geo": "US",
      "value": 77.85
    },
    {
      "date": "2019-02-01",
      "geo": "US",
      "value": 79.98
    },
    {
      "date": "2019-03-01",
      "geo": "US",
      "value": 79.43
    },
    {
      "date": "2019-04-01",
      "geo": "US",
      "value": 109.42
    },
    {
      "date": "2019-05-01",
      "geo": "US",
      "value": 112.15
    },
    {
      "date": "2019-06-01",
      "geo": "US",
      "value": 109.79
    },
    {
      "date": "2019-07-01",
      "geo": "US",
      "value": 103.89
    },
    {
      "date": "2019-08-01",
      "geo": "US",
      "value": 108.59
    },
    {
      "date": "2019-09-01",
      "geo": "US",
      "value": 105.04
    },
    {
      "date": "2019-10-01",
      "geo": "US",
      "value": 102.47
    },
    {
      "date": "2019-11-01",
      "geo": "US",
      "value": 101.89
    },
    {
      "date": "2019-12-01",
      "geo": "US",
      "value": 109.49
    },
    {
      "date": "2020-01-01",
      "geo": "US",
      "value": 91.29
    },
    {
      "date": "2020-02-01",
      "geo": "US",
      "value": 93.08
    },
    {
      "date": "2020-03-01",
      "geo": "US",
      "value": 81.07
    },
    {
      "date": "2020-04-01",
      "geo": "US",
      "value": 70.62
    },
    {
      "date": "2020-05-01",
      "geo": "US",
      "value": 69.03
    },
    {
      "date": "2020-06-01",
      "geo": "US",
      "value": 83.65
    },
    {
      "date": "2020-07-01",
      "geo": "US",
      "value": 110.19
    },
    {
      "date": "2020-08-01",
      "geo": "US",
      "value": 108.07
    },
    {
      "date": "2020-09-01",
      "geo": "US",
      "value": 117.09
    },
    {
      "date": "2020-10-01",
      "geo": "US",
      "value": 114.85
    },
    {
      "date": "2020-11-01",
      "geo": "US",
      "value": 113.14
    },
    {
      "date": "2020-12-01",
      "geo": "US",
      "value": 114.64
    },
    {
      "date": "2021-01-01",
      "geo": "US",
      "value": 105.22
    },
    {
      "date": "2021-02-01",
      "geo": "US",
      "value": 101.89
    },
    {
      "date": "2021-03-01",
      "geo": "US",
      "value": 108.46
    },
    {
      "date": "2021-04-01",
      "geo": "US",
      "value": 130.37
    },
    {
      "date": "2021-05-01",
      "geo": "US",
      "value": 132.32
    },
    {
      "date": "2021-06-01",
      "geo": "US",
      "value": 134.72
    },
    {
      "date": "2021-07-01",
      "geo": "US",
      "value": 136.78
    },
    {
      "date": "2021-08-01",
      "geo": "US",
      "value": 136.08
    },
    {
      "date": "2021-09-01",
      "geo": "US",
      "value": 138.57
    },
    {
      "date": "2021-10-01",
      "geo": "US",
      "value": 127.52
    },
    {
      "date": "2021-11-01",
      "geo": "US",
      "value": 129.98
    },
    {
      "date": "2021-12-01",
      "geo": "US",
      "value": 130.44
    },
    {
      "date": "2022-01-01",
      "geo": "US",
      "value": 112.18
    },
    {
      "date": "2022-02-01",
      "geo": "US",
      "value": 108.7
    },
    {
      "date": "2022-03-01",
      "geo": "US",
      "value": 105.68
    },
    {
      "date": "2022-04-01",
      "geo": "US",
      "value": 147.19
    },
    {
      "date": "2022-05-01",
      "geo": "US",
      "value": 136.38
    },
    {
      "date": "2022-06-01",
      "geo": "US",
      "value": 132.17
    },
    {
      "date": "2022-07-01",
      "geo": "US",
      "value": 118.59
    },
    {
      "date": "2022-08-01",
      "geo": "US",
      "value": 120.82
    },
    {
      "date": "2022-09-01",
      "geo": "US",
      "value": 118.16
    },
    {
      "date": "2022-10-01",
      "geo": "US",
      "value": 95.08
    },
    {
      "date": "2022-11-01",
      "geo": "US",
      "value": 90.73
    },
    {
      "date": "2022-12-01",
      "geo": "US",
      "value": 86.45
    },
    {
      "date": "2023-01-01",
      "geo": "US",
      "value": 69.14
    },
    {
      "date": "2023-02-01",
      "geo": "US",
      "value": 74.61
    },
    {
      "date": "2023-03-01",
      "geo": "US",
      "value": 73.05
    },
    {
      "date": "2023-04-01",
      "geo": "US",
      "value": 85.48
    },
    {
      "date": "2023-05-01",
      "geo": "US",
      "value": 91.83
    },
    {
      "date": "2023-06-01",
      "geo": "US",
      "value": 85.82
    },
    {
      "date": "2023-07-01",
      "geo": "US",
      "value": 87.02
    },
    {
      "date": "2023-08-01",
      "geo": "US",
      "value": 82.79
    },
    {
      "date": "2023-09-01",
      "geo": "US",
      "value": 83.21
    },
    {
      "date": "2023-10-01",
      "geo": "US",
      "value": 72.13
    },
    {
      "date": "2023-11-01",
      "geo": "US",
      "value": 76.36
    },
    {
      "date": "2023-12-01",
      "geo": "US",
      "value": 76.18
    },
    {
      "date": "2024-01-01",
      "geo": "US",
      "value": 70.83
    },
    {
      "date": "2024-02-01",
      "geo": "US",
      "value": 75.22
    },
    {
      "date": "2024-03-01",
      "geo": "US",
      "value": 67.46
    },
    {
      "date": "2024-04-01",
      "geo": "US",
      "value": 86.6
    },
    {
      "date": "2024-05-01",
      "geo": "US",
      "value": 84.34
    },
    {
      "date": "2024-06-01",
      "geo": "US",
      "value": 82.15
    },
    {
      "date": "2024-07-01",
      "geo": "US",
      "value": 82.84
    },
    {
      "date": "2024-08-01",
      "geo": "US",
      "value": 85.03
    },
    {
      "date": "2024-09-01",
      "geo": "US",
      "value": 83.84
    },
    {
      "date": "2024-10-01",
      "geo": "US",
      "value": 79.38
    },
    {
      "date": "2024-11-01",
      "geo": "US",
      "value": 79.32
    },
    {
      "date": "2024-12-01",
      "geo": "US",
      "value": 86.53
    },
    {
      "date": "2025-01-01",
      "geo": "US",
      "value": 71.82
    },
    {
      "date": "2025-02-01",
      "geo": "US",
      "value": 76.86
    },
    {
      "date": "2025-03-01",
      "geo": "US",
      "value": 71.15
    },
    {
      "date": "2025-04-01",
      "geo": "US",
      "value": 89.06
    },
    {
      "date": "2025-05-01",
      "geo": "US",
      "value": 86.17
    },
    {
      "date": "2025-06-01",
      "geo": "US",
      "value": 88.12
    },
    {
      "date": "2025-07-01",
      "geo": "US",
      "value": 87.84
    },
    {
      "date": "2025-08-01",
      "geo": "US",
      "value": 84.34
    },
    {
      "date": "2025-09-01",
      "geo": "US",
      "value": 85.96
    },
    {
      "date": "2025-10-01",
      "geo": "US",
      "value": 78.68
    },
    {
      "date": "2025-11-01",
      "geo": "US",
      "value": 79.87
    },
    {
      "date": "2025-12-01",
      "geo": "US",
      "value": 83.14
    },
    {
      "date": "2026-01-01",
      "geo": "US",
      "value": 82.41
    },
    {
      "date": "2026-02-01",
      "geo": "US",
      "value": 82.48
    },
    {
      "date": "2026-03-01",
      "geo": "US",
      "value": 85.11
    }
  ]
}