Norway Housing Market Activity
Last updated:
Source: Statistics Norway dwelling-secured household loan balances and residential building permits. Housing finance is house-price adjusted, extended in early months using broader household loan debt, and smoothed with a 3-month moving average before combining 65% finance and 35% construction components; residential permits are smoothed with a trailing 3-month moving average.
Source description: Monthly Norway housing market activity indicator based on a weighted combination of house-price-adjusted mortgage credit and residential building permits, indexed to 2019 = 100.
Table ID: macro_economics/housing/no_housing_market_activity_monthly
Key findings:
- Norway 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.
Latest data:
| date | value |
|---|---|
| 2025-06-01 | 88.48 |
| 2025-07-01 | 86.57 |
| 2025-08-01 | 88.56 |
| 2025-09-01 | 86.29 |
| 2025-10-01 | 84.76 |
| 2025-11-01 | 83.43 |
| 2025-12-01 | 84 |
| 2026-01-01 | 84.47 |
| 2026-02-01 | 86.63 |
| 2026-03-01 | 86.62 |
| 2026-04-01 | 87.9 |
| 2026-05-01 | 86.16 |
Methodology: Housing Market Activity Methodology
Norway Housing Market Activity tracks the residential-cycle backdrop behind Norwegian furniture and home-furnishing demand. The monthly index helps analysts and board teams judge whether housing finance and new dwelling activity are supporting larger household purchases in a high-income, mortgage-sensitive Nordic market.
Market Context
Norway is a high-income Nordic furniture market where interest-rate pressure, household debt, home moves and new dwelling supply can quickly change the appetite for kitchens, beds, sofas, storage and renovation-led purchases. The country is outside the euro area, so the indicator uses Norwegian housing finance and construction sources while keeping the same business purpose as the wider European housing activity family.
Use this page with Norway Furniture Retail Market Size, Norway consumer market size and Sweden housing activity. Together they help distinguish local housing-cycle pressure from broader Nordic retail demand, currency effects and consumer spending shifts.
