Denmark Housing Market Activity
Last updated:
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. For Denmark, unusually high 2019 reference-year component months are capped at 90 before calculating the composite index.
Source description: Monthly Denmark housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100. For Denmark, unusually high 2019 reference-year component months are capped at 90 before calculating the composite index.
Table ID: macro_economics/housing/europe_housing_market_activity_monthly
Key findings:
- Denmark housing activity remains subdued, signaling a cautious outlook for furniture and home-related demand.
- Recent weakening in housing activity points to fragile residential momentum, with a March 2024 index low of 53.3.
- Read alongside Denmark's 2025 furniture retail growth of 7.7%, housing signals a cautious demand backdrop.
Latest data:
| date | value |
|---|---|
| 2025-08-01 | 67.84 |
| 2025-09-01 | 71.15 |
| 2025-10-01 | 70.71 |
| 2025-11-01 | 70.22 |
| 2025-12-01 | 75.74 |
| 2026-01-01 | 75.45 |
| 2026-02-01 | 76.18 |
| 2026-03-01 | 70.93 |
| 2026-04-01 | 66.69 |
| 2026-05-01 | 66.14 |
| 2026-07-01 | 75.95 |
| 2026-08-01 | 58.14 |
Methodology: Housing Market Activity Methodology
Denmark Housing Market Activity tracks the monthly direction of the Danish residential cycle using house-price-adjusted mortgage lending and residential building permits. It helps furniture-market readers assess how mortgage-sensitive home ownership, renovation activity and new-build momentum are shaping demand for kitchens, storage, mattresses and other home-furnishing categories.
Market Context
Denmark is a high-income Nordic market where housing finance, owner mobility and renovation confidence can quickly affect big-ticket home purchases. Mortgage lending provides the buyer-side signal, while residential permits show whether future dwelling supply is expanding or slowing. The 2019 baseline is adjusted to prevent a short reference-year spike from distorting the housing-cycle picture. Use the indicator with Denmark Furniture Retail Market Size to compare residential momentum with specialist furniture retail demand.
