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A quick overview of the general state of the housing market, with all values ranging between 0 and 100 points. It should be interpreted as informative, not as an events predictor.
If the value is 100, all components are under very high pressure; if the value is 0, all components are under very low pressure, with a spectrum in between.
To generate the index, the following variables have been considered as components: price, mortgages, sales, wages, housing stock, builders profit margins, and unemployment.
🧮 Historical annual close:
Learn more about the index: Methodology and notes.
This section presents each component individually. The simple average of these components forms the value of the All-Components Index. All components have been harmonized using a Min–Max normalization technique, with some adaptations for specific variables. Clarifications are provided for each component, while more detailed explanations can be found here.
The mortgages show the number of approvals in relation to demographic limits, where 100 indicates excess and 0 indicates minimal.
The sales flow show the number of house sales in relation to demographic limits, where 100 indicates excess and 0 indicates minimal.
The wage effort shows whether wages are furthest from housing prices (100) or closest (0), based on historical data between the two.
The unemployment risk indicates whether the unemployment rate is threatening to rise (100) or consistently declining (0).
The building profits show whether the construction sector is operating in a high-margin (100) or low-margin (0) profit environment.
The house scarcity shows whether we are closer to a historical deficit (100) or a surplus (0), based on data from the past 30 years.
The price shows whether it is closer to an all-time high (100) or an all-time low (0), based on data from the past 15 years.
[Not part of our index] The rent measures the imbalances between supply and demand of rental prices. Curated by Observatorio del Alquiler.
🧮 Historical annual close: