US Housing Market Activity
Last updated:
Source: New mortgages FRED series RCMFLOORIGPURPPURCHASE disaggregated to monthly frequency using FRED EXHOSLUSM495S and adjusted with FRED CSUSHPINSA national Case-Shiller house price index; 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 house-price-adjusted new mortgage lending and residential building starts, indexed to 2019 = 100.
Table ID: macro_economics/housing/us_housing_market_activity_monthly
Key findings:
- US housing activity remains subdued, pointing to a cautious backdrop for furniture, kitchens and home-related demand.
- Read alongside US Furniture Retail Market Size and US 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 |
|---|---|
| 2025-06-01 | 69.48 |
| 2025-07-01 | 70.09 |
| 2025-08-01 | 66.37 |
| 2025-09-01 | 67.61 |
| 2025-10-01 | 62.74 |
| 2025-11-01 | 63.89 |
| 2025-12-01 | 66.8 |
| 2026-01-01 | 66.13 |
| 2026-02-01 | 65.76 |
| 2026-03-01 | 69.47 |
| 2026-04-01 | 65.94 |
| 2026-05-01 | 61.02 |
Methodology: Housing Market Activity Methodology
United States Housing Market Activity measures the monthly direction of the US residential cycle using house-price-adjusted mortgage originations for home purchase and residential building permits. The index combines housing finance and construction signals into one view of the housing backdrop for furniture demand, furniture retail and broader home-furnishing consumption.
Market Context
The United States furniture market is strongly connected to home moves, housing turnover, renovation and new-home completion cycles. Adjusting mortgage originations with the national Case-Shiller house price index helps the finance component reflect real purchase-mortgage activity rather than only loan-value inflation, while building permits add a forward-looking construction signal. Analyse this page with US Furniture Retail Market Size, US Furniture Product Search Trend and US Consumer Confidence.
