Germany 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.
Source description: Monthly Germany housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100.
Table ID: macro_economics/housing/europe_housing_market_activity_monthly
Key findings:
- German housing activity remains subdued, pointing to a cautious backdrop for furniture, kitchens and home-related demand.
- Read alongside Germany Furniture Retail Market Size and Germany Furniture Product Search Trend, soft housing activity keeps the furniture demand backdrop cautious.
- Recent movement is improving, which points to some easing in housing-market pressure.
Latest data:
| date | value |
|---|---|
| 2025-05-01 | 70.69 |
| 2025-06-01 | 70.05 |
| 2025-07-01 | 72.12 |
| 2025-08-01 | 69.57 |
| 2025-09-01 | 72.73 |
| 2025-10-01 | 68.01 |
| 2025-11-01 | 69.83 |
| 2025-12-01 | 70.17 |
| 2026-01-01 | 70.92 |
| 2026-02-01 | 70.85 |
| 2026-03-01 | 71.83 |
| 2026-04-01 | 74.65 |
Methodology: Housing Market Activity Methodology
Germany Housing Market Activity measures the monthly direction of Germany's residential cycle by combining house-price-adjusted new mortgage lending with residential building permits. It turns housing finance and construction signals into one indexed view of the housing backdrop for furniture demand, furniture retail and home-furnishing consumption.
Market Context
Germany's furniture market is exposed to both replacement demand and housing-linked purchases, so residential activity is a useful context indicator rather than a direct furniture sales measure. House-price-adjusted mortgage lending helps separate financing activity from house-price inflation, while building permits add a forward-looking construction signal. The indicator should be analysed with Germany Furniture Retail Market Size, Germany Furniture Product Search Trend and Germany Consumer Confidence.
