Housing Market Insights

Data

Construction

Gross investment rate of households

ig_d("eurostat", "nasq_10_ki", "IRGS14S15-FR-DE-EA20-2015")

Implicit/imputed rents

By quintile

ig_d("eurostat", "hbs_str_t223", "CP041-CP042-CP041042-DE-FR-IT-2015")

Rents as % of Consumption

ig_d("oecd", "SNA_TABLE5", "P31CP041-P31CP042-DEU-FRA-USA")

Price Index

ig_d("oecd", "HOUSING", "CP040200-FRA-USA-DEU-JPN")

Quintile

ig_d("eurostat", "hbs_str_t223", "CP041-CP042-DE-FR-IT-2015")

Actual + imputed rentals

ig_d("eurostat", "nama_10_co3_p3", "table1")

Nominal House prices

Since 2007 financial crisis

ig_d("bis", "SELECTED_PP", "N-DEU-FRA-USA-EA-2007")

Germany, France, Italy, Spain, Netherlands

2000-

ig_d("bis", "SELECTED_PP", "N-DEU-FRA-ITA-ESP-NLD-2000")

Real House Prices, World

Eurostat

ig_d("eurostat", "prc_hpi_ooq", "TOTAL-FR-IT-DE")

Japan, South Korea, US

ig_d("bis", "SELECTED_PP", "R-JPN-KOR-USA-1975")

France, Germany, E.U., U.S.

ig_d("bis", "SELECTED_PP", "R-DEU-FRA-USA-EA")

France, Germany, E.U., U.S.

ig_d("bis", "SELECTED_PP", "R-DEU-FRA-USA-EA-1990")

France, Italy, Germany

ig_d("bis", "SELECTED_PP", "R-DEU-FRA-ITA-1998")

France, Italy, Germany, Spain, Netherlands

All

ig_d("bis", "SELECTED_PP", "R-DEU-FRA-ITA-ESP-NLD-1990")

2000-

ig_d("bis", "SELECTED_PP", "N-DEU-FRA-ITA-ESP-NLD-2000")

France, Italy, Germany, Spain, Netherlands

ig_d("bis", "SELECTED_PP", "N-DEU-FRA-ITA-ESP-NLD-1990")

Household Debt

2005-

ig_d("bdf", "CFT", "DETT-S1M-FR-IT-DE-ES-JP-EU")

Housing index

ig_b("eurostat", "prc_hpi_ooinw_ex2")

Europe

2005-

ig_d("eurostat", "prc_hpi_q", "TOTAL-EL-FR-ES-IT-DE")

United States

S&P/Case-Shiller

ig_d("fred", "housing", "CPIAUCSL-CSUSHPINSA-index")

Price of Houses

ig_d("fred", "housing", "CPIAUCSL-MSPUS-index-2000")

Regions

ig_d("fhfa", "index", "los-angeles-las-vegas-denver")

Rents

France, Germany, Italy

ig_d("eurostat", "prc_hicp_midx", "CP041-FR-DE-EL-PT")

Datasets

source dataset Title .html .rData
bdf RPP Prix de l'immobilier 2025-08-28 2025-08-24
bis LONG_PP Residential property prices - detailed series 2025-10-11 2024-05-10
bis SELECTED_PP Property prices, selected series 2025-10-11 2025-10-11
ecb RPP Residential Property Price Index Statistics 2025-10-09 2025-08-29
eurostat ei_hppi_q House price index (2015 = 100) - quarterly data 2025-10-11 2025-10-11
eurostat hbs_str_t223 Mean consumption expenditure by income quintile 2025-10-11 2025-10-11
eurostat prc_hicp_midx HICP (2015 = 100) - monthly data (index) 2025-10-10 2025-10-11
eurostat prc_hpi_q House price index (2015 = 100) - quarterly data 2025-10-11 2025-10-11
fred housing House Prices 2025-10-09 2025-10-09
insee IPLA-IPLNA-2015 Indices des prix des logements neufs et Indices Notaires-Insee des prix des logements anciens 2025-10-11 2025-10-11
oecd SNA_TABLE5 Final consumption expenditure of households 2025-09-29 2023-10-19
oecd housing NA NA NA

Bibliography

English

“The Phillips Curve: a Relation between Real Exchange Rate Growth and Unemployment.” F. Geerolf, January 2020. [ pdf]

“Dynamic Inefficiency and Capital Taxation”, F. Geerolf, April 2015. [ pdf]

French

« L’analyse de l’inflation par catégorie de ménages : quelques problèmes méthodologiques », F. Geerolf, Blog de l’OFCE, décembre 2023. [ html] [ pdf] [ github]

« Quelques remarques au sujet du Blog de l’Insee: Mais si, l’Insee prend bien en compte le logement dans l’inflation ! », F. Geerolf, Document de travail, 22 février 2022. [ html] [ pdf] [ handouts] [ slides] [ github]

« Le keynésianisme doit-il faire l’économie de la courbe de Phillips ? » F. Geerolf, In L’économie mondiale 2022, La Découverte, p.73-86, septembre 2021. [ pdf] [ slides]

« La courbe de Phillips n’est pas celle que vous croyez » F. Geerolf, La Lettre du CEPII, n°417, avril 2021. [ pdf] [ html]