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Housing Credit MoM measures the monthly change in the total volume of loans and credit extended by financial institutions for the purchase or renovation of residential properties. It reflects demand levels in the real estate sector and the accessibility of financing for consumers. This indicator serves as a leading signal for activity in the construction sector and home-related consumer spending.
Compiled from monthly balance sheet data provided by commercial banks and lending institutions to the central bank. It calculates the net change in outstanding housing loan balances.