Italy 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 Italy housing market activity indicator based on a weighted combination of 3-month smoothed new mortgage lending and residential building permits, indexed to 2019 = 100.
Table ID: macro_economics/housing/it_housing_market_activity_monthly
Key findings:
- Italian housing activity is below its 2019 baseline, so the housing-linked demand signal is still soft.
- Read alongside Italy Furniture Retail Market Size and Italy 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.
Latest data:
| date | value |
|---|---|
| 2025-05-01 | 97.7 |
| 2025-06-01 | 96.19 |
| 2025-07-01 | 113.83 |
| 2025-08-01 | 67.01 |
| 2025-09-01 | 89.05 |
| 2025-10-01 | 89.35 |
| 2025-11-01 | 93.59 |
| 2025-12-01 | 96.89 |
| 2026-01-01 | 79.83 |
| 2026-02-01 | 81.37 |
| 2026-03-01 | 89.1 |
| 2026-04-01 | 88.97 |
Methodology: Housing Market Activity Methodology
Italy Housing Market Activity measures the monthly direction of Italy's residential cycle using house-price-adjusted new mortgage lending and residential building permits. The index gives furniture retailers, manufacturers and market analysts a housing-demand signal that connects housing finance, construction intentions and downstream furniture consumption.
Market Context
Italy's furniture market is influenced by household formation, renovations, regional housing turnover and new residential investment. House-price-adjusted mortgage lending helps interpret buyer activity without overstating periods when loan values are lifted by housing prices, while permits show the construction pipeline that can later support demand for fitted and loose furniture. Analyse this indicator with Italy Furniture Retail Market Size, Italy Furniture Product Search Trend and Italy Consumer Confidence.
