Norway housing starts

Norway’s housing starts decreased to 2364.0 by -19.18% on May 2021 from 2925.0 in the previous month. On a year on year basis Norway’s housing starts decreased by -11.43%. Norway’s housing starts trend is down since the current value of 2364.0 is lower than the 12 month moving average of 2548.25. and the 12 month moving average slope is down. Norway’s housing starts 5-year percentile is currently at 35.0%.

Norway housing starts Chart

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Date Value
30/11/2021 2.120,00
31/10/2021 2.758,00
30/09/2021 3.008,00
31/08/2021 1.943,00
31/07/2021 1.554,00
30/06/2021 2.858,00
31/05/2021 2.364,00
30/04/2021 2.925,00
31/03/2021 2.577,00
28/02/2021 2.664,00

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Norway housing starts

Norway Housing starts Statistics

Click here to explore the methodology used for estimating the Norway housing starts signals presented in the statistics table below.

Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
housing starts no.housingstarts 2364 2925 -0.191795 -0.114275 -1.0 -1.0 0.35 2021-05-31

Norway Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Oslo OBX OBX 1203.35 0.5 1 1.50265 69.3647 -1.82 -0.97 4.26 0.00025
Norway ETF ENOR 27.96 1 0.75 1.64988 70.3202 -2.61 -2.98 -3.92 -0.00039
Norwegian Krone US Dollar (NOK/USD) NOKUSD 8.88 -0.5 -1 -1.39952 40.0229 1.66 4.04 8.48 -0.02987
Norway 10-Year Bond Yield NO.10Y 1.13 0 0.75 0.57682 64.5598 -13.21 -21.85 -21.14 -0.33403
Norway 5-Year Bond Yield NO.5Y 0.91 0 0.25 -0.08322 48.3716 -13.83 -21.55 -7.8 -0.59753
Norway 2-year bond yield NO.2Y 0.41 -0.5 -0.75 -0.59766 35.4916 -1.2 -5.75 33.12 -0.9563
Norway Yield Curve NO.YC 0.72 1 1 1.39382 67.4062 -18.83 -28.78 -34.31 21.1

Norway Financial News Stream

Norway Macroeconomic Indicators

Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade no.balanceoftrade 25023 14354 0.743277 -3.71635 1.0 1.0 0.0833333 2021-06-30
building permits no.buildingpermits 2186 2993 -0.269629 -0.133571 -1.0 -1.0 0.316667 2021-05-31
business confidence no.bizconfidence 8.2 3.8 1.15789 0.188406 1.0 1.0 0.883333 2021-01-01
capacity utilization no.caputilization 79 77.9 0.0141207 0.0128205 1.0 1.0 0.65 2021-01-01
capital flows no.capitalflows -70605 41423 -2.70449 -2.61741 -1.0 -1.0 0 2020-12-01
car registrations no.carregistrations 17724 14794 0.198053 0.627847 1.0 1.0 0.966667 2021-06-30
central bank balance sheet no.cb.assets 12417600 12006200 0.0342656 0.0950747 1.0 1.0 0.566667 2021-06-30
consumer confidence no.consconfidence 2.5 -3.2 -1.78125 -0.865591 -1.0 -1.0 0.383333 2021-06-01
consumer price index cpi no.cpi 115.3 114.9 0.00348129 0.0285459 1.0 1.0 0.683333 2021-06-30
core inflation rate no.coreinflationrate 1.4 1.5 -0.0666667 -0.548387 -1.0 -1.0 0.1 2021-06-30
current account no.currentaccount 94301 5055 17.655 0.110246 1.0 1.0 0.683333 2021-01-01
current account to gdp no.currentaccountgdp 1.9 2.8 -0.321429 -0.878205 -1.0 -1.0 0 2020-01-31
deposit interest rate no.depositrate -1 -1 0 -3 -1.0 -1.0 0.183333 2020-12-31
exports no.exports 97877 86923 0.12602 0.706839 1.0 1.0 1 2021-06-30
external debt no.externaldebt 6063990 6151510 -0.0142274 0.165164 1.0 1.0 0.566667 2021-01-01
fiscal expenditure no.fiscalexp 436636 395576 0.103798 0.262297 1.0 1.0 0.9 2020-07-01
foreign direct investment no.fdi -24017 10237 -3.3461 -8.18857 -1.0 -1.0 0.0666667 2020-10-01
foreign exchange reserves no.fxreserves 689302 679604 0.0142701 -0.0379958 1.0 -1.0 0.133333 2021-06-30
gdp no.gdp 403.336 434.167 -0.0710118 0.00598348 -1.0 1.0 0 2019-01-31
Real GDP no.realgdp 895250 900856 -0.00622297 0.01004 1.0 1.0 0.15 2021-03-31
gdp growth no.gdpgrowth -0.6 0.8 -1.75 2 -1.0 -1.0 0.9 2021-01-01
gdp growth annual no.gdpgrowthan -1.4 -0.6 1.33333 2.5 -1.0 -1.0 0.95 2021-01-01
government budget no.govbudget 6.4 7.3 -0.123288 -0.625731 -1.0 -1.0 0 2018-02-28
Government budget no.govbudgetvalue -96018 -68692 0.397805 8.49733 -1.0 -1.0 0.966667 2020-07-01
government debt no.govdebt 765174 637963 0.199402 0.207728 1.0 1.0 0.716667 2021-01-01
government debt to gdp no.govdebtgdp 40.6 39.4 0.0304569 -0.171429 1.0 -1.0 0 2019-01-31
government revenues no.govrev 340618 326884 0.0420149 0.0143599 1.0 1.0 0.366667 2020-07-01
housing index no.housingindex 307.24 307.94 -0.00227317 0.101337 1.0 1.0 0.833333 2021-06-30
housing starts no.housingstarts 2364 2925 -0.191795 -0.114275 -1.0 -1.0 0.35 2021-05-31
imports no.imports 72854 72569 0.0039273 0.0946271 1.0 1.0 0.666667 2021-06-30
industrial production no.indproduction 2.1 0.9 1.33333 -0.611111 -1.0 -1.0 0.783333 2021-05-31
industrial production mom no.indproductionmm -0.3 -0.1 2 -0.727273 -1.0 1.0 0.633333 2021-05-31
inflation cpi no.inflationcpi 2.9 2.7 0.0740741 1.07143 1.0 1.0 0.833333 2021-06-30
interbank rate no.interbankrate 0.24 0.26 -0.0769231 -0.333333 -1.0 -1.0 0.0166667 2021-06-02
interest rate no.interestrate 0.25 1 -0.75 -0.8 -1.0 -1.0 0.0166667 2020-03-20
lending rate no.lendingrate 1 1.25 -0.2 -0.5 -1.0 -1.0 0.0166667 2020-05-31
loan growth no.loangrowth 5.2 5 0.04 0.106383 1.0 1.0 0.833333 2021-04-30
loans to private sector no.loanprivate 1971330 1950460 0.0107 0.0319263 1.0 1.0 0.433333 2021-05-31
long term unemployment rate no.ltunemploymentrate 1.1 0.9 0.222222 0.1 1.0 1.0 0.516667 2021-01-01
manufacturing pmi no.manpmi 60.8 58.5 0.0393162 0.245902 1.0 1.0 0.95 2021-06-30
money supply m0 no.msm0 71710 74624 -0.0390491 -0.742 -1.0 -1.0 0.0333333 2021-05-31
money supply m1 no.msm1 2613840 2582130 0.0122806 0.0997261 1.0 1.0 0.733333 2021-05-31
money supply m2 no.msm2 2784670 2752550 0.0116692 0.0900141 1.0 1.0 0.783333 2021-05-31
new home sales no.newhomesales 11968 10340 0.157447 0.0551931 1.0 1.0 0.533333 2021-06-30
Producer Price Index no.producerprices 127.4 121.8 0.045977 0.371367 1.0 1.0 1 2021-06-30
PPI Index no.producerpricesch 37.1 29.4 0.261905 -3.57639 1.0 1.0 0.0666667 2021-06-30
retail sales MoM no.retailsales 5.8 0.4 13.5 0.208333 1.0 1.0 0.766667 2021-05-31
retail sales no.retailsalesan 5.6 2.9 0.931035 -0.282051 -1.0 -1.0 0.633333 2021-05-31
unemployment rate no.unemploymentrate 5 5.2 -0.0384615 0.315789 1.0 1.0 0.916667 2020-10-31
youth unemployment rate no.ytunemploymentrate 12.8 10.6 0.207547 0.242718 1.0 1.0 0.883333 2021-03-31

Norway housing starts analysis

Norway’s housing starts is an indicator measuring the number of residential homes whose foundations have been laid. Housing starts are projects which have started and hence is an a coincident economic indicator. Building permits is a preferred economic indicator since it’s a leading economic indicator measuring the number of residential homes which have received planning permission by the local planning department before getting started. Explore MacroVar financial knowledge base structured by professional fund managers and economists.

Norway housing starts trend

Norway housing starts trend is in an uptrend when the last value is higher than its twelve-month moving average and its twelve-month moving average slope is positive (last twelve-month moving average is higher than the previous month twelve-month moving average) and vice-versa. MacroVar calculates the number of months the Norway housing starts has recorded new highs or lows. Norway housing starts trend change is assumed when the specific indicator has recorded a 3-month high / low or more.

Norway housing starts momentum

Norway housing starts momentum is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M) return.

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