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
30-06-22 2.552,00
31-05-22 2.777,00
30-04-22 1.929,00
31-03-22 2.982,00
28-02-22 2.614,00
31-01-22 2.633,00
31-12-21 2.761,00
30-11-21 2.120,00
31-10-21 2.758,00
30-09-21 3.008,00

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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 2552 2777 -8.1 -10.71 UP Down 41.67 2022-07-31

Norway Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Oslo OBX OBX 1390.91 0 1 2.0371 60.992 -0.01579 -0.01083 0.0263 0.2145
Norway ETF ENOR 31 0.5 1 1.87858 65.751 0 0.00291 0.0697 0.11792
Norwegian Krone US Dollar (NOK/USD) NOKUSD 8.6726 -1 -0.5 -0.04724 39.7425 -0.00429 -0.01011 -0.02369 0.02158
Norway 10-Year Bond Yield NO.10Y 2.675 1 1 3.35857 76.5268 0.00564 0.08431 0.381 0.76801
Norway 5-Year Bond Yield NO.5Y 2.283 0.5 1 2.49672 66.3992 -0.01722 0.05256 0.13469 1.07923
Norway 2-year bond yield NO.2Y 1.421 1 1 2.34705 81.5344 0.00852 0.09476 0.31941 3.53994
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 153200 87500 75.09 262.99 UP UP 100 2022-08-17
building permits no.buildingpermits 2849 2691 5.87 -10.94 UP Down 71.67 2022-07-31
business confidence no.bizconfidence 3.2 8.2 -60.98 -43.86 UP Down 46.67 2022-07-21
capacity utilization no.caputilization 80.9 81.5 -0.74 2.02 UP UP 90 2022-07-31
capital flows no.capitalflows 320040 238212 34.35 2863.06 UP UP 100 2022-06-06
car registrations no.carregistrations 11232 13324 -15.7 -23.04 Down Down 8.33 2022-08-06
central bank balance sheet no.cb.assets 12477900 12718500 -1.89 0.49 Down UP 83.33 2022-07-22
consumer confidence no.consconfidence -26.8 -15.3 75.16 -264.42 Down Down 1.67 2022-08-17
consumer price index cpi no.cpi 124.2 122.6 1.31 6.79 UP UP 100 2022-08-11
core inflation rate no.coreinflationrate 3.6 3.4 5.88 140 UP UP 98.33 2022-07-11
current account no.currentaccount 341055 269482 26.56 439.38 UP UP 100 2022-05-26
current account to gdp no.currentaccountgdp 15 1.1 1263.64 41.51 UP UP 0 2022-07-22
deposit interest rate no.depositrate -1 -1 0 -3 -1.0 -1.0 0.183333 2020-12-31
exports no.exports 228957 176781 29.51 113.13 UP UP 100 2022-08-17
external debt no.externaldebt 6462280 6389570 1.14 17.88 UP UP 98.33 2022-06-06
fiscal expenditure no.fiscalexp 432567 398750 8.48 21.18 UP UP 98.33 2022-05-23
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 763439 777939 -1.86 6.54 UP UP 93.33 2022-08-06
gdp no.gdp 403.336 434.167 -0.0710118 0.00598348 -1.0 1.0 0 2019-01-31
Real GDP no.realgdp 928081 937983 -1.06 3.82 UP UP 96.67 2022-05-15
gdp growth no.gdpgrowth 0.7 -0.9 -177.78 -800 UP UP 65 2022-08-17
gdp growth annual no.gdpgrowthan 3.9 4.9 -20.41 116.67 UP UP 90 2022-08-17
government budget no.govbudget 9.1 -2.6 -450 -10.78 UP Down 0 2022-05-04
Government budget no.govbudgetvalue 94984 89842 5.72 3129.65 UP UP 85 2022-05-23
government debt no.govdebt 797324 652533 22.19 22.97 UP UP 100 2022-06-22
government debt to gdp no.govdebtgdp 43.2 45.9 -5.88 4.1 UP UP 0 2022-04-29
government revenues no.govrev 527551 488592 7.97 46.59 UP UP 100 2022-05-23
housing index no.housingindex 321.46 326.58 -1.57 5.78 UP UP 93.33 2022-08-06
housing starts no.housingstarts 2552 2777 -8.1 -10.71 UP Down 41.67 2022-07-31
imports no.imports 75757.7 89072.2 -14.95 16.66 Down UP 86.67 2022-08-17
industrial production no.indproduction 2.3 4.9 -53.06 9.52 Down UP 61.67 2022-08-11
industrial production mom no.indproductionmm -1.7 1.1 -254.54 466.67 Down Down 20 2022-08-11
inflation cpi no.inflationcpi 6.8 6.3 7.94 134.48 UP UP 100 2022-08-11
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 2122490 2081910 1.95 7.2 UP UP 100 2022-08-06
long term unemployment rate no.ltunemploymentrate 1.1 0.9 0.222222 0.1 1.0 1.0 0.516667 2021-01-01
Norway no.manpmi 54.6 56 -2.5 -12.49 Down Down 45 2022-08-11
money supply m0 no.msm0 81251 64465 26.04 -29.67 UP Down 45 2022-08-06
money supply m1 no.msm1 2918340 2833490 2.99 8.69 UP UP 100 2022-08-06
money supply m2 no.msm2 3116290 3031150 2.81 8.71 UP UP 100 2022-08-06
new home sales no.newhomesales 4069 10883 -62.61 -19.28 Down Down 10 2022-08-06
Producer Price Index no.producerprices 231.2 215 7.53 73.57 UP UP 100 2022-08-11
PPI Index no.producerpricesch 68.8 64.6 6.5 37.33 UP UP 97.5 2022-08-10
retail sales MoM no.retailsales 0 -0.9 -100 -100 UP Down 46.67 2022-07-31
retail sales no.retailsalesan -8.2 -8.8 -6.82 8100 Down Down 3.33 2022-07-31
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 10.9 9.9 10.1 -7.63 Down Down 71.67 2022-07-31

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.