House Price Index (HPI) n.s.a. m/m

Country:
Norway
NOK, Norwegian Krone
Sector:
Housing
Low 1.9%
-1.1%
Last release Importance Actual Forecast
Previous
1.9%
Next release Actual Forecast
Previous
  • Overview
  • Chart
  • History
  • Widget

Housing Price Index (HPI) n.s.a. m/m reflects a nominal percentage change in average residential property prices in the reported month compared to the previous month. Information on residential property transactions is collected from state land registries and statistics from the largest Norwegian mortgage lenders. The collected data cover about 70% of the residential property market turnover.

The index measures the prices paid by individuals for purchased housing. HPI reflects the dynamics of second-hand housing prices across the country.

The housing market plays an important role in the Norwegian economy. The rise in house prices, among other effects, has a significant impact on the growth of household wealth and, consequently, on the purchases of goods and services. Such purchases account for more than half of the Norway mainland GDP. Housing price trends are also important for the development of housing investments. In addition, the dynamics of house prices affects the overall inflation and financial stability, and thus it may affect interest rates set by Norges Bank.

Economists analyze the indicator to assess the housing market activity. It also serves as an analytical tool for measuring changes in mortgage rates, evaluating availability of houses and assessing the general inflation in the country. The rise in housing prices is seen as a favorable factor for the country's economy, since it indicates national currency inflation growth. Therefore, growing readings can be seen as positive for the Norwegian krone quotes.

Last values:

actual data

The chart of the entire available history of the "House Price Index (HPI) n.s.a. m/m" macroeconomic indicator.

Date (GMT)
Reference
Actual
Forecast
Previous
Aug 2021
1.9%
-1.1%
Jul 2021
-1.1%
-0.2%
Jun 2021
-0.2%
1.0%
May 2021
1.0%
0.3%
Apr 2021
0.2%
1.2%
Mar 2021
1.2%
2.0%
Feb 2021
2.0%
3.2%
Jan 2021
3.2%
0.0%
Dec 2020
0.0%
-0.2%
Nov 2020
-0.1%
0.5%
Oct 2020
0.5%
0.4%
Sep 2020
0.4%
1.1%
Aug 2020
1.1%
0.4%
Jul 2020
0.4%
0.8%
Jun 2020
0.8%
1.9%
May 2020
1.9%
0.5%
Apr 2020
0.5%
-1.4%
Mar 2020
-1.4%
0.9%
Feb 2020
0.9%
3.3%
Jan 2020
3.3%
-0.8%
Dec 2019
-0.8%
-0.8%
Nov 2019
-0.8%
-0.8%
Oct 2019
-0.8%
-1.1%
Sep 2019
-1.1%
1.9%
Aug 2019
1.9%
-1.1%
Jul 2019
-1.1%
-0.2%
Jun 2019
-0.2%
0.7%
May 2019
0.7%
0.8%
Apr 2019
0.8%
0.7%
Mar 2019
0.7%
0.5%
Feb 2019
0.5%
2.7%
Jan 2019
2.7%
-0.2%
Dec 2018
-0.2%
-1.5%
Nov 2018
-1.5%
-0.6%
Oct 2018
-0.6%
-1.1%
Sep 2018
-1.1%
0.8%
Aug 2018
0.8%
0.0%
Jul 2018
0.0%
-1.0%
Jun 2018
-1.0%
1.0%
May 2018
1.0%
1.8%
Apr 2018
1.8%
0.5%
Mar 2018
0.5%
1.1%
Feb 2018
1.1%
2.0%
Jan 2018
2.0%

Economic calendar widget for your website

Create your own calendar of economic events. To do this, simply specify its size and display period. You can freely use this widget on your websites. In return, we ask you to keep the provided code unchanged.

The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.

Display area

Widget type

Display information

Default calendar period

Widget language

Date format

Your embed code

Copy widget codeCopied

Preview